Kristen Actis-Grande - Aug 31, 2021 Form 4 Insider Report for MSC INDUSTRIAL DIRECT CO INC (MSM)

Role
EVP & Chief Financial Officer
Signature
/s/ Kristen Actis-Grande
Stock symbol
MSM
Transactions as of
Aug 31, 2021
Transactions value $
-$20,470
Form type
4
Date filed
9/2/2021, 04:16 PM
Previous filing
Aug 9, 2021
Next filing
Nov 9, 2021

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 +758 $0.00 758 Aug 31, 2021 Direct F1
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +59.1 +7.79% $0.00 817 Aug 31, 2021 Direct F2
transaction MSM Class A Common Stock, $0.001 par value Tax liability -$20.5K -243 -29.75% $84.21 574 Aug 31, 2021 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 -758 -24.98% $0.00 2.28K Aug 31, 2021 Class A Common Stock, $0.001 par value 758 Direct F1, F4
transaction MSM Dividend Equivalent Units Options Exercise $0 -59.1 -8.87% $0.00 607 Aug 31, 2021 Class A Common Stock, $0.001 par value 59.1 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 cover tax withholding obligations arising from the vesting of RSUs and DEUs.
F4 758 of 3,034 RSUs granted on August 31, 2020 vested on August 31, 2021. The remaining three tranches containing 758 RSUs, 759 RSUs and 759 RSUs vest on August 31, 2022, August 31, 2023 and August 31, 2024, respectively, 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.