Lerner Eric 4

4 · SYSTEMAX INC · Filed Jan 22, 2019

Form 4

Period: 2019-01-17

Senior VP & General Counsel

Transactions

Disposition to Issuer
Employee Stock Option (right to buy)
2019-01-17−6,250→ 0 total
Exercise: $10.62Exp: 2025-05-02→ Common Stock (6,250 underlying)
Award
Employee Stock Option (right to buy)
2019-01-17+6,250→ 6,250 total
Exercise: $8.32Exp: 2025-05-02→ Common Stock (6,250 underlying)
Disposition to Issuer
Employee Stock Option (right to buy)
2019-01-17−12,500→ 0 total
Exercise: $8.31Exp: 2026-02-01→ Common Stock (12,500 underlying)
Award
Employee Stock Option (right to buy)
2019-01-17+12,500→ 12,500 total
Exercise: $6.01Exp: 2026-02-01→ Common Stock (12,500 underlying)
Award
Employee Stock Option (right to buy)
2019-01-17+30,507→ 30,507 total
Exercise: $23.72Exp: 2029-01-17→ Common Stock (30,507 underlying)

Footnotes (4)

[F1]The transactions reported herein reflect a one-time stock option repricing (the "Option Repricing") that became effective on January 17, 2019 and are being reported in this manner solely to comply with the technical reporting requirements under Section 16(a) of the Securities Exchange Act of 1934. Pursuant to the Option Repricing, the exercise price of the Employee Stock Option (right to buy) has been amended to reduce such exercise price by $2.30. There have been no other changes to the terms of the Employee Stock Option (right to buy). The Option Repricing was related to a special dividend declared in December 2018.
[F2]The Employee Stock Option (right to buy) granted on May 2, 2015 had a four year vesting schedule with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date.
[F3]The Employee Stock Option (right to buy) granted on February 1, 2016 had a four year vesting schedule with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date.
[F4]The Employee Stock Option (right to buy) granted on January 17, 2019 had a four year vesting schedule with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date.

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