MITCHELL JACOBSON - 04 Oct 2023 Form 4 Insider Report for MSC INDUSTRIAL DIRECT CO INC (MSM)

Role
Director, 10%+ Owner
Signature
/s/ Mitchell Jacobson
Issuer symbol
MSM
Transactions as of
04 Oct 2023
Transactions value $
$0
Form type
4
Filing time
05 Oct 2023, 08:42:39 UTC
Previous filing
28 Dec 2022
Next filing
24 Jan 2024
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 Award +1.74M +867.26% 1.94M 04 Oct 2023 Direct F1
transaction MSM Class A Common Stock Award +3.18M 3.18M 04 Oct 2023 See footnotes F1, F2, F3
transaction MSM Class A Common Stock Award +2.91M 2.91M 04 Oct 2023 See footnotes F1, F2, 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 Class B Common Stock Disposed to Issuer -1.42M -100% 0 04 Oct 2023 Class A Common Stock 1.74M Direct F1
transaction MSM Class B Common Stock Disposed to Issuer -2.6M -100% 0 04 Oct 2023 Class A Common Stock 3.18M See footnotes F1, F2, F3
transaction MSM Class B Common Stock Disposed to Issuer -2.37M -100% 0 04 Oct 2023 Class A Common Stock 2.91M See footnotes F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the closing of the reclassification of the Issuer's common stock exempt under Rule 16b-7, each share of the Issuer's Class B Common Stock, par value $0.001 (the "Class B Common Stock") was reclassified and converted into 1.225 shares of the Issuer's Class A Common Stock, par value $0.001 (the "Class A Common Stock"). The Class B Common Stock had no expiration date. The conversion of the shares of Class B Common Stock into shares of Class A Common Stock pursuant to the reclassification is also exempt under Rule 16b-3 to the extent of the pecuniary interest in the shares of the Reporting Person.
F2 The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein.
F3 Represents shares held by Grantor Retained Annuity Trusts of which the Reporting Person is the settlor, sole annuitant and trustee, and other trusts over whose portfolio securities the Reporting Person exercises voting or dispositive power.
F4 Represents shares held by trusts of which the Reporting Person is the settlor and over whose trustees the Reporting Person can exercise remove and replace powers.