Erik Gershwind - Oct 4, 2023 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 4, 2023
Transactions value $
$0
Form type
4
Date filed
10/5/2023, 09:13 AM
Previous filing
Nov 23, 2022
Next filing
Oct 19, 2023

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 Award +874K +188.4% 1.34M Oct 4, 2023 Direct F1
transaction MSM Class A Common Stock, $0.001 par value Award +245K 245K Oct 4, 2023 See footnotes F1, F2, F3
transaction MSM Class A Common Stock, $0.001 par value Award +61K 61K Oct 4, 2023 See footnotes F1, F2, F4
transaction MSM Class A Common Stock, $0.001 par value Award +140K +86.18% 302K Oct 4, 2023 See footnotes F1, F2, F5
transaction MSM Class A Common Stock, $0.001 par value Award +102K 102K Oct 4, 2023 See footnotes F1, F2, F6

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 Class B Common Stock Disposed to Issuer -713K -100% 0 Oct 4, 2023 Class A Common Stock, $0.001 par value 874K Direct F1, F7
transaction MSM Class B Common Stock Disposed to Issuer -200K -100% 0 Oct 4, 2023 Class A Common Stock, $0.001 par value 245K See footnotes F1, F2, F3, F7
transaction MSM Class B Common Stock Disposed to Issuer -49.8K -100% 0 Oct 4, 2023 Class A Common Stock, $0.001 par value 61K See footnotes F1, F2, F4
transaction MSM Class B Common Stock Disposed to Issuer -114K -100% 0 Oct 4, 2023 Class A Common Stock, $0.001 par value 140K See footnotes F1, F2, F8
transaction MSM Class B Common Stock Disposed to Issuer -83.6K -100% 0 Oct 4, 2023 Class A Common Stock, $0.001 par value 102K See footnotes F1, F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the closing of the reclassification of the Issuer's common stock exempt under Rule 16b-7, each share of the Issuer's Class B Common Stock, par value $0.001 (the "Class B Common Stock") was reclassified and converted into 1.225 shares of the Issuer's Class A Common Stock, par value $0.001 (the "Class A Common Stock"). The Class B Common Stock had no expiration date. The conversion of the shares of Class B Common Stock into shares of Class A Common Stock pursuant to the reclassification is also exempt under Rule 16b-3 to the extent of the pecuniary interest in the shares of the Reporting Person.
F2 The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein.
F3 Represents shares held by Grantor Retained Annuity Trusts of which the Reporting Person is the sole annuitant and trustee.
F4 Represents shares held by a trust of which the Reporting Person is a co-trustee and beneficiary.
F5 Represents shares held by trusts over whose trustee the Reporting Person can exercise remove and replace powers and the beneficiaries of which are family members of the Reporting Person.
F6 Represents shares held by a Grantor Retained Annuity Trust of which the Reporting Person is a trustee and the beneficiaries of which are family members of the Reporting Person.
F7 Includes a transfer, prior to the closing of the reclassification, of 100,000 shares of Class B Common Stock from Mr. Gershwind to a Grantor Retained Annuity Trust, of which the Reporting Person is the sole annuitant and trustee.
F8 Represents shares held by a trust over whose trustee the Reporting Person can exercise remove and replace powers and the beneficiaries of which are family members of the Reporting Person.