Neal Dongre - Jun 29, 2022 Form 4 Insider Report for MSC INDUSTRIAL DIRECT CO INC (MSM)

Role: VP, Gen Counsel & Corp Sec
Signature: /s/ Neal Dongre
Stock symbol: MSM
Transactions as of: Jun 29, 2022
Transactions value $: -$3,675
Form type: 4
Date filed: 7/14/2022, 05:26 PM
Previous filing: Apr 18, 2022
Next filing: Oct 19, 2022
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	+123	+22.78%	$0.00	663	Jun 29, 2022	Direct	F1
transaction	MSM	Class A Common Stock, $0.001 par value	Options Exercise	$0	+14.8	+2.23%	$0.00	678	Jun 29, 2022	Direct	F2
transaction	MSM	Class A Common Stock, $0.001 par value	Tax liability	-$3.68K	-48.8	-7.2%	$75.32	629	Jun 29, 2022	Direct	F3

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	-123	-33.33%	$0.00	246	Jun 29, 2022	Class A Common Stock, $0.001 par value	123		Direct	F1, F4
transaction	MSM	Dividend Equivalent Units	Options Exercise	$0	-14.8	-8.37%	$0.00	162	Jun 29, 2022	Class A Common Stock, $0.001 par value	14.8		Direct	F2, F5

* 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 cover tax withholding obligations arising from the vesting of RSUs and DEUs.
F4	491 RSUs were granted on June 29, 2020. 122 RSUs vested on June 29, 2021 and 123 RSUs vested on June 29, 2022. 123 RSUs vest on each of June 29, 2023 and June 29, 2024, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date. RSUs accrue quarterly dividend equivalents units (DEUs) in the form of additional RSUs which vest at the same time(s) as the underlying RSUs. The vested shares will be delivered to the Reporting Person upon vesting.
F5	Includes 15.793 dividend equivalent units accrued on April 26, 2022 with respect to outstanding awards of restricted stock units (RSUs). Such dividend equivalent units 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.