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

Role
SVP, New Business Innovation
Signature
/s/ Kari Heerdt
Stock symbol
MSM
Transactions as of
Oct 20, 2021
Transactions value $
-$17,600
Form type
4
Date filed
10/22/2021, 09:57 AM
Previous filing
Oct 19, 2021
Next filing
Oct 28, 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 +553 +4.85% $0.00 12K Oct 20, 2021 Direct F1, F2
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +153 +1.28% $0.00 12.1K Oct 20, 2021 Direct F2, F3
transaction MSM Class A Common Stock, $0.001 par value Tax liability -$17.6K -210 -1.73% $83.86 11.9K Oct 20, 2021 Direct 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 Restricted Stock Units (RSU) Options Exercise $0 -553 -50% $0.00 553 Oct 20, 2021 Class A Common Stock, $0.001 par value 553 Direct F1, F5
transaction MSM Dividend Equivalent Units Options Exercise $0 -153 -12.97% $0.00 1.03K Oct 20, 2021 Class A Common Stock, $0.001 par value 153 Direct F3
* 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 Includes shares acquired under the company's Associate Stock Purchase Plan.
F3 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.
F4 Disposition of Class A Common Stock to the Issuer to cover tax withholding obligations arising from the vesting of RSUs and DEUs.
F5 552 of 2,763 RSUs granted on October 20, 2017 vested on each of October 20, 2018 and October 20, 2019. 553 RSUs vested on each of October 20, 2020 and October 20, 2021. 553 RSUs vest on November 8, 2021, 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.