BRADY CORP — Director's Dealing 2017

Feb 28, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BRADY CORP (BRC)
CIK: 0000746598
Period of Report: 2017-02-27

Reporting Person: BRUNO ELIZABETH P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-27	Class A Common Stock	M	6000	$20.95	Acquired	374930	Direct
2017-02-27	Class A Common Stock	S	6000	$38.86	Disposed	368930	Direct
2017-02-27	Class A Common Stock (Trusts benefiting E. Bruno Children)	S	18000	$38.86	Disposed	52530	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-27	Exercise of Stock Option	$20.95	M	6000	Disposed	2018-12-04	Class A Common Stock (6000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock (Elizabeth P Pungello Non-Exempt Trust)	806296	Indirect

Footnotes

F1: Three trusts sold 6,000 shares each, totaling 18,000 shares.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.85 to $39.00, inclusive.

F3: Represents options exercisable one third each year for the three years subsequent to the grant date.