Davanzo Christopher 4
4 · MSC INDUSTRIAL DIRECT CO INC · Filed Oct 30, 2017
Insider Transaction Report
Form 4
Davanzo Christopher
VP - FINANCE AND CONTROLLER
Transactions
- Exercise/Conversion
Restricted Stock Units (RSU)
2017-10-26+381→ 4,151 total→ Class A Common Stock, $0.001 Par Value (381 underlying) - Exercise/Conversion
Class A Common Stock, $0.001 Par Value
2017-10-26+8.006→ 6,692 total - Exercise/Conversion
Dividend Equivalent units (DEU)
2017-10-26+8.006→ 88 total→ Class A Common Stock, $0.001 Par Value (8.006 underlying) - Exercise/Conversion
Class A Common Stock, $0.001 Par Value
2017-10-26+381→ 6,684 total - Tax Payment
Class A Common Stock, $0.001 Par Value
2017-10-26$78.52/sh−144.006$11,307→ 6,548 total
Footnotes (4)
- [F1]Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F2]The dividend equivalent units accrued with respect to an outstanding award 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 the Issuer's Class A Common Stock.
- [F3]Disposition of Class A Common Stock to the Issuer solely to cover tax withholding obligations arising from the vesting of RSUs and DEUs.
- [F4]381 of 1,905 RSUs granted on October 26, 2016 have vested on October 26, 2017, and will vest on each of October 26, 2018, October 26, 2019, October 26, 2020 and October 26, 2021, 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.