MSA Safety Inc — Director's Dealing 2017

May 9, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MSA Safety Inc (MSA)
CIK: 0000066570
Period of Report: 2017-05-08

Reporting Person: RYAN JOHN T III (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-08	Common Stock, no par value	M	2969.0000	$37.3300	Acquired	1021953.0000	Direct
2017-05-08	Common Stock, no par value	M	2675.0000	$42.5400	Acquired	1024628.0000	Direct
2017-05-08	Common Stock, no par value	M	2179.0000	$49.9200	Acquired	1026807.0000	Direct
2017-05-09	Common Stock, no par value	S	3300.0000	$77.9680	Disposed	1023507.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-08	Non-statutory Stock Option	$49.9200	M	2179.0000	Disposed	2023-05-10	Common Stock, no par value (2179.0000)	Direct
2017-05-08	Non-statutory Stock Option	$42.5400	M	2675.0000	Disposed	2022-05-11	Common Stock, no par value (2675.0000)	Direct
2017-05-08	Non-statutory Stock Option	$37.3300	M	2969.0000	Disposed	2021-05-16	Common Stock, no par value (2969.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, no par value	120011.0000	Indirect
Common Stock, no par value	288513.0000	Indirect
Common Stock, no par value	11000.0000	Indirect
Common Stock, no par value	823878.0000	Indirect

Footnotes

F1: Share price on this transaction ranged from $77.90 to $78.050.

F2: Family limited partnership in which I am a general partner and in which I and members of my immediate family are owners of pecuniary interests.

F3: Shares held in trusts of which I am a trustee and in which I and members of my immediate family are among the beneficiaries.