Victor H. Mendelson - Jan 30, 2023 Form 4 Insider Report for HEICO CORP (HEI)

Role
Co-President, Director
Signature
/s/ Victor H. Mendelson
Stock symbol
HEI
Transactions as of
Jan 30, 2023
Transactions value $
-$5,219,737
Form type
4
Date filed
2/1/2023, 03:12 PM
Previous filing
Jan 11, 2023
Next filing
Mar 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HEI Common Stock Options Exercise $2.9M +97.7K +8.64% $29.67 1.23M Jan 30, 2023 Direct
transaction HEI Common Stock Tax liability -$8.12M -47.9K -3.9% $169.31 1.18M Jan 30, 2023 Direct
holding HEI Class A Common Stock 234K Jan 30, 2023 Direct
holding HEI Class A Common Stock 197K Jan 30, 2023 Owned by Corporation F1
holding HEI Common Stock 173K Jan 30, 2023 Owned by Partnership F2
holding HEI Common Stock 4.76K Jan 30, 2023 As custodian for children
holding HEI Class A Common Stock 19.1K Jan 30, 2023 As custodian for children
holding HEI Common Stock 92.8K Jan 30, 2023 By 401(k) F3
holding HEI Class A Common Stock 88K Jan 30, 2023 By 401(k) F3
holding HEI Common Stock 921 Jan 30, 2023 By Keogh Account
holding HEI Class A Common Stock 16.1K Jan 30, 2023 By Keogh Account
holding HEI Common Stock 568K Jan 30, 2023 By Trusts F4
holding HEI Class A Common Stock 137K Jan 30, 2023 By Trusts F4
holding HEI Common Stock 28.8K Jan 30, 2023 By Trusts F5
holding HEI Class A Common Stock 8.47K Jan 30, 2023 By Trusts F5
holding HEI Common Stock 4.07K Jan 30, 2023 By 409A Plan F6

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 HEI Option (Right to purchase Common Stock) Options Exercise $0 -97.7K -100% $0.00* 0 Jan 30, 2023 Common Stock 97.7K $29.67 Direct F7
holding HEI Option (Right to purchase Common Stock) 97.7K Jan 30, 2023 Common Stock 97.7K $24.95 Direct F7
holding HEI Option (Right to purchase Common Stock) 195K Jan 30, 2023 Common Stock 195K $44.96 Direct F7
holding HEI Option (Right to purchase Common Stock) 125K Jan 30, 2023 Common Stock 125K $70.66 Direct F7
holding HEI Option (Right to purchase Common Stock) 125K Jan 30, 2023 Common Stock 125K $134.70 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares owned by Mendelson International Corporation whose stock is owned solely by the Reporting Person and Eric Mendelson, the brother of the Reporting Person.
F2 Represents shares owned by VHM Management Limited Partners, a partnership whose sole general partner is a corporation controlled by the Reporting Person.
F3 Represents shares held for the benefit of the Reporting Person by the HEICO Corporation 401(k), based on a plan statement dated January 30, 2023.
F4 Represents shares gifted by the Reporting Person to trusts for the benefit of the Reporting Person's immediate family members and whose Trustee is the Reporting Person.
F5 Represents shares owned by the Victor H. Mendelson Revocable Investment Trust which is owned solely by the Reporting Person.
F6 Represents shares held for the reporting person by the HEICO Corporation Leadership Compensation Plan (409A Plan).
F7 These options are exercisable at 20% per year over five years from the date of grant.