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MSC INDUSTRIAL DIRECT CO INC — Director's Dealing 2021
Nov 9, 2021
31013_dirs_2021-11-09_2a4c727b-74a4-43a8-9324-35e30bdb4213.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MSC INDUSTRIAL DIRECT CO INC (MSM)
CIK: 0001003078
Period of Report: 2021-11-06
Reporting Person: Heerdt Kari D (SVP, New Business Innovation)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-11-06 | Class A Common Stock, $0.001 par value | M | 982 | — | Acquired | 13457 | Direct |
| 2021-11-06 | Class A Common Stock, $0.001 par value | M | 199.784 | — | Acquired | 13656 | Direct |
| 2021-11-06 | Class A Common Stock, $0.001 par value | F | 351.784 | $84.96 | Disposed | 13305 | Direct |
| 2021-11-06 | Class A Common Stock, $0.001 par value | M | 1002 | — | Acquired | 14307 | Direct |
| 2021-11-06 | Class A Common Stock, $0.001 par value | M | 78.098 | — | Acquired | 14385 | Direct |
| 2021-11-06 | Class A Common Stock, $0.001 par value | F | 321.098 | $84.96 | Disposed | 14064 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-11-06 | Restricted Stock Units (RSU) | $ | M | 982.000 | Disposed | Class A Common Stock, $0.001 par value (982.000) | Direct | |
| 2021-11-06 | Dividend Equivalent Units | $ | M | 199.784 | Disposed | Class A Common Stock, $0.001 par value (199.784) | Direct | |
| 2021-11-06 | Restricted Stock Units (RSU) | $ | M | 1002.000 | Disposed | Class A Common Stock, $0.001 par value (1002.000) | Direct | |
| 2021-11-06 | Dividend Equivalent Units | $ | M | 78.098 | Disposed | Class A Common Stock, $0.001 par value (78.098) | Direct |
Footnotes
F1: Each RSU represents a contingent right to receive one share of Common Stock.
F2: Includes shares acquired under the company's Associate Stock Purchase Plan.
F3: The dividend equivalent units accrued with respect to outstanding awards of restricted stock units (RSUs) and vest at the same time(s) as the underlying RSUs. Each dividend equivalent unit represents a contingent right to receive one share of Common Stock.
F4: Disposition of Class A Common Stock to the Issuer to cover tax withholding obligations arising from the vesting of RSUs and DEUs.
F5: 982 of 3,930 RSUs granted on November 6, 2019 vested on November 6, 2020 and November 6, 2021. 983 RSUs vest on November 8, 2022, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date. The vested shares will be delivered to the Reporting Person upon vesting.
F6: 1,002 of 4,011 RSUs granted on November 6, 2020 vested on November 6, 2021. 1,003 RSUs vest on November 8, 2022, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date. The vested shares will be delivered to the Reporting Person upon vesting.