Erik Gershwind - Nov 5, 2021 Form 4 Insider Report for MSC INDUSTRIAL DIRECT CO INC (MSM)

Role
President and CEO, Director
Signature
/s/ Erik Gershwind
Stock symbol
MSM
Transactions as of
Nov 5, 2021
Transactions value $
-$111
Form type
4
Date filed
11/9/2021, 04:19 PM
Previous filing
Oct 28, 2021
Next filing
Nov 18, 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 +7.98K +2.74% $0.00 299K Nov 6, 2021 Direct F1
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +1.62K +0.54% $0.00 301K Nov 6, 2021 Direct F2
transaction MSM Class A Common Stock, $0.001 par value Tax liability -$27 -0.314 0% $84.96 301K Nov 6, 2021 Direct F3
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +8.15K +2.71% $0.00 309K Nov 6, 2021 Direct F1
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +635 +0.21% $0.00 310K Nov 6, 2021 Direct F2
transaction MSM Class A Common Stock, $0.001 par value Tax liability -$84 -0.99 0% $84.96 310K Nov 6, 2021 Direct F3
holding MSM Class A Common Stock, $0.001 par value 162K Nov 5, 2021 See Footnote 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) Award $0 +19.1K $0.00 19.1K Nov 5, 2021 Class A Common Stock, $0.001 par value 19.1K Direct F1, F5
transaction MSM Restricted Stock Units (RSU) Options Exercise $0 -7.98K -33.33% $0.00 16K Nov 6, 2021 Class A Common Stock, $0.001 par value 7.98K Direct F1, F6
transaction MSM Dividend Equivalent Units Options Exercise $0 -1.62K -16.59% $0.00 8.17K Nov 6, 2021 Class A Common Stock, $0.001 par value 1.62K Direct F2
transaction MSM Restricted Stock Units (RSU) Options Exercise $0 -8.15K -25% $0.00 24.4K Nov 6, 2021 Class A Common Stock, $0.001 par value 8.15K Direct F1, F7
transaction MSM Dividend Equivalent Units Options Exercise $0 -635 -7.77% $0.00 7.53K Nov 6, 2021 Class A Common Stock, $0.001 par value 635 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 partially cover tax withholding obligations arising from the vesting of RSUs and DEUs.
F4 Represents shares of Class A Common Stock held by a trust, the beneficiaries of which are family members of the Reporting Person. The Reporting Person disclaims Section 16 beneficial ownership of the shares held in the trust, except to the extent of his pecuniary interest therein.
F5 19,126 RSUs were granted on November 5, 2021. 4,781 RSUs vest on each of November 5, 2022 and November 5, 2023, and 4,782 RSUs vest on each of November 5, 2024 and November 5, 2025, 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.
F6 7,984 of 31,937 RSUs granted on November 6, 2019 vested on each of November 6, 2020 and November 6, 2021. 7,984 RSUs vest on November 6, 2022, and 7,985 RSUs vest on November 6, 2023, 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.
F7 8,147 of 32,591 RSUs granted on November 6, 2020 vested on November 6, 2021. 8,148 RSUs vest on each of November 6, 2022, November 6, 2023, and November 6, 2024, 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.