Erik Gershwind - Oct 17, 2022 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: Oct 17, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/19/2022, 04:47 PM
Previous filing: Dec 22, 2022
Next filing: Oct 21, 2022

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	Oct 17, 2022	Direct	F1
transaction	MSM	Class A Common Stock, $0.001 par value	Options Exercise	$0	+962	+0.24%	$0.00	398K	Oct 17, 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	Oct 17, 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	Oct 17, 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.