4//SEC Filing
Lerner Eric 4
Accession 0001628280-18-010730
CIK 0000945114other
Filed
Aug 6, 8:00 PM ET
Accepted
Aug 7, 6:05 PM ET
Size
25.5 KB
Accession
0001628280-18-010730
Insider Transaction Report
Form 4
SYSTEMAX INCSYX
Lerner Eric
Senior VP & General Counsel
Transactions
- Exercise/Conversion
Common Stock
2018-08-03$10.62/sh+18,750$199,125→ 18,561 total - Exercise/Conversion
Common Stock
2018-08-03$8.31/sh+12,500$103,875→ 18,561 total - Exercise/Conversion
Common Stock
2018-08-03$16.61/sh+25,000$415,250→ 18,561 total - Exercise/Conversion
Common Stock
2018-08-03$14.55/sh+25,000$363,750→ 18,561 total - Exercise/Conversion
Common Stock
2018-08-03$9.53/sh+25,000$238,250→ 18,561 total - Tax Payment
Common Stock
2018-08-03$9.53/sh−72,400$689,972→ 18,561 total - Disposition to Issuer
Common Stock
2018-08-03$9.53/sh−33,850$322,591→ 18,561 total - Exercise/Conversion
Employee Stock Option (right to buy)
2018-08-03−18,750→ 6,250 totalExercise: $10.62Exp: 2025-05-02→ Common Stock (18,750 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
2018-08-03−12,500→ 12,500 totalExercise: $8.31Exp: 2026-02-01→ Common Stock (12,500 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
2018-08-03−25,000→ 0 totalExercise: $16.61Exp: 2024-05-02→ Common Stock (25,000 underlying) - Exercise/Conversion
Common Stock
2018-08-03−25,000→ 0 totalExercise: $14.55Exp: 2022-05-03→ Common Stock (25,000 underlying) - Exercise/Conversion
Common Stock
2018-08-03−25,000→ 0 totalExercise: $9.53Exp: 2023-05-03→ Common Stock (25,000 underlying)
Footnotes (7)
- [F1]Pursuant to the previously disclosed share repurchase program, the Issuer has entered into, with the approval of the Board of Directors, a privately negotiated, arm's length agreement with the filing person to repurchase an aggregate of 106,250 shares (by means of a net cashless exercise of options and net of applicable taxes) at a price equal to $38.96 per share, reflecting a 4% discount to the closing price of the Issuer's common stock on August 2, 2018. 72,400 of such shares were surrendered to the Issuer to satisfy the exercise price of each of the stock options and to satisfy withholding tax obligations and 33,850 of such shares were purchased by the Issuer pursuant to Rule 16b-3(e).
- [F2]The amount of non-derivative securities beneficially owned following the transaction on Table I is 18,561, which includes 8,333 unvested Restricted Stock Units that were granted on February 1, 2016 and 10,228 shares of common stock.
- [F3]The options vest over a period of four years with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date, which is May 2, 2015
- [F4]The options vest over a period of four years with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date, which is February 1, 2016.
- [F5]The options vest over a period of four years with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date, which is May 2, 2014.
- [F6]The options vest over a period of four years with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date, which is May 3, 2012.
- [F7]The options vest over a period of four years with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date, which is May 3, 2013.
Documents
Issuer
SYSTEMAX INC
CIK 0000945114
Entity typeother
Related Parties
1- filerCIK 0001549062
Filing Metadata
- Form type
- 4
- Filed
- Aug 6, 8:00 PM ET
- Accepted
- Aug 7, 6:05 PM ET
- Size
- 25.5 KB