Erik Gershwind - 17 Oct 2022 Form 4 Insider Report for MSC INDUSTRIAL DIRECT CO INC (MSM)

Role
President and CEO, Director
Signature
/s/ Erik Gershwind
Issuer symbol
MSM
Transactions as of
17 Oct 2022
Transactions value $
$0
Form type
4
Filing time
19 Oct 2022, 16:47:15
Previous filing
22 Dec 2022
Next filing
21 Oct 2022
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, $0.001 par value Options Exercise $0 +3.31K +0.84% $0.00 397K 17 Oct 2022 Direct F1
transaction MSM Class A Common Stock, $0.001 par value Options Exercise $0 +962 +0.24% $0.00 398K 17 Oct 2022 Direct F2

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 -3.31K -50% $0.00 3.31K 17 Oct 2022 Class A Common Stock, $0.001 par value 3.31K Direct F1, F3
transaction MSM Dividend Equivalent Units Options Exercise $0 -962 -9.25% $0.00 9.44K 17 Oct 2022 Class A Common Stock, $0.001 par value 962 Direct F2, F4
* 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 16,524 RSUs were granted on October 17, 2018. 3,304 RSUs vested on October 17, 2019, and 3,305 RSUs vested on each of October 17, 2020, October 17, 2021 and October 17, 2022. 3,305 RSUs vest on October 17, 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.
F4 Includes 690.56 dividend equivalent units accrued on April 26, 2022 and 744.009 dividend equivalent units accrued on July 26, 2022 with respect to outstanding awards of restricted stock units (RSUs). Such dividend equivalent units vest at the same time(s) as the underlying RSUs and represent a contingent right to receive one share of Common Stock. The prior filing on Reporting Date January 25, 2022 inadvertently overstated the Number of Derivative Securities Acquired for Dividend Equivalent Units and has been corrected.