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MSC INDUSTRIAL DIRECT CO INC — Director's Dealing 2021
Oct 19, 2021
31013_dirs_2021-10-19_1a1832b7-4607-4952-8496-8223c21cac0c.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: 2021-10-17
Reporting Person: GERSHWIND ERIK (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-10-17 | Class A Common Stock, $0.001 par value | M | 3305 | — | Acquired | 283883 | Direct |
| 2021-10-17 | Class A Common Stock, $0.001 par value | M | 807.447 | — | Acquired | 284690 | Direct |
| 2021-10-17 | Class A Common Stock, $0.001 par value | F | 0.447 | $84.43 | Disposed | 284690 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-10-17 | Restricted Stock Units (RSU) | $ | M | 3305 | Disposed | Class A Common Stock, $0.001 par value (3305) | Direct | |
| 2021-10-17 | Dividend Equivalent Units | $ | M | 807.447 | Disposed | Class A Common Stock, $0.001 par value (807.447) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock, $0.001 par value | 162457 | Indirect |
Footnotes
F1: Each RSU represents a contingent right to receive one share of Common Stock.
F2: 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.
F3: Disposition of Class A Common Stock to the Issuer to partially cover tax withholding obligations arising from the vesting of RSUs and DEUs.
F4: Represents shares of Class A Common Stock held by a trust, the beneficiaries of which are family members of the Reporting Person. The Reporting Person disclaims Section 16 beneficial ownership of the shares held in the trust, except to the extent of his pecuniary interest therein.
F5: 3,304 of 16,524 RSUs granted on October 17, 2018 vested on October 17, 2019, and 3,305 RSUs vested on October 17, 2020 and October 17, 2021. 3,305 RSUs will vest on each of October 17, 2022, and October 17, 2023, 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.