Erik Gershwind - Oct 20, 2021 Form 4 Insider Report for MSC INDUSTRIAL DIRECT CO INC (MSM)

Role
President and CEO, Director
Signature
/s/ Erik Gershwind
Stock symbol
MSM
Transactions as of
Oct 20, 2021
Transactions value $
-$9
Form type
4
Date filed
10/22/2021, 02:33 PM
Previous filing
Oct 19, 2021
Next filing
Oct 28, 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +2.76K +0.97% $0.00 287K Oct 20, 2021 Direct F1
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +764 +0.27% $0.00 288K Oct 20, 2021 Direct F2
transaction MSM Class A Common Stock, $0.001 par value Tax liability -$9 -0.109 0% $83.86 288K Oct 20, 2021 Direct F3
holding MSM Class A Common Stock, $0.001 par value 162K Oct 20, 2021 See Footnote F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MSM Restricted Stock Units (RSU) Options Exercise $0 -2.76K -50% $0.00 2.76K Oct 20, 2021 Class A Common Stock, $0.001 par value 2.76K Direct F1, F5
transaction MSM Dividend Equivalent Units Options Exercise $0 -764 -6.79% $0.00 10.5K Oct 20, 2021 Class A Common Stock, $0.001 par value 764 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 2,763 of 13,819 RSUs granted on October 20, 2017 vested on October 20, 2018. 2,764 RSUs vested on each of October 20, 2019, October 20, 2020 and October 20, 2021. 2,764 RSUs vest on October 20, 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.