Patrick S. Bannon - Jun 2, 2021 Form 4 Insider Report for RBC Bearings INC (RBCP)

Role
V.P. and General Manager
Signature
/s/John J. Feeney/attorney in fact
Stock symbol
RBCP
Transactions as of
Jun 2, 2021
Transactions value $
-$995,874
Form type
4
Date filed
6/4/2021, 09:34 PM
Next filing
Jun 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBCP Common Stock Options Exercise $1.52M +12K +64.58% $126.56 30.6K Jun 2, 2021 Direct F1
transaction RBCP Common Stock Sale -$2.36M -12K -39.24% $196.91 18.6K Jun 2, 2021 Direct F1
transaction RBCP Common Stock Tax liability -$61.3K -309 -1.66% $198.24 18.3K Jun 2, 2021 Direct F1, F2
transaction RBCP Common Stock Tax liability -$90.5K -459 -2.51% $197.08 17.8K Jun 3, 2021 Direct F1, F2
transaction RBCP Common Stock Award $0 +2K +11.23% $0.00 19.8K Jun 3, 2021 Direct F3

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 RBCP Option to Purchase Common Stock Options Exercise $0 -12K -60% $0.00 8K Jun 2, 2021 Common Stock 12K $126.56 Direct F4
transaction RBCP Option to Purchase Common Stock Award $0 +5K $0.00 5K Jun 3, 2021 Common Stock 5K $199.16 Direct F5
holding RBCP Option to Purchase Common Stock 10K Jun 2, 2021 Common Stock 10K $132.12 Direct F6
holding RBCP Option to Purchase Common Stock 15K Jun 2, 2021 Common Stock 15K $143.92 Direct F7
holding RBCP Option to Purchase Common Stock 15K Jun 2, 2021 Common Stock 15K $137.44 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 11,000 shares of restricted stock, that vest according to the following schedule - 4,000 shares 1/4 of which vest on 6/2/2022, 1/4 vest on 6/2/2023, 1/4 vest on 6/2/2024 and 1/4 vest on 6/2/2025; 3,000 shares 1/3 of which vest on 6/3/2022, 1/3 vest on 6/3/2023 and 1/3 vest on 6/3/2024; 3,000 shares 1/3 of which vest on 6/7/2021, 1/3 vest on 6/7/2022 and 1/3 vest on 6/7/2023;and 1,000 shares that vest on 12/2/2021.
F2 Represents shares withheld by the Company to pay tax liability related to the vesting of restricted stock.
F3 Includes 13,000 shares of restricted stock, that vest according to the following schedule - 4,000 shares 1/4 of which vest on 6/2/2022, 1/4 vest on 6/2/2023, 1/4 vest on 6/2/2024 and 1/4 vest on 6/2/2025; 3,000 shares 1/3 of which vest on 6/3/2022, 1/3 vest on 6/3/2023 and 1/3 vest on 6/3/2024; 3,000 shares 1/3 of which vest on 6/7/2021, 1/3 vest on 6/7/2022 and 1/3 vest on 6/7/2023; 2,000 shares 1/5 of which vest on 6/3/2022, 1/5 vest on 6/3/2023, 1/5 vest on 6/3/2024, 1/5 vest on 6/3/2025 and 1/5 vest on 6/3/2026;and 1,000 shares that vest on 12/2/2021.
F4 All these options to purchase Common Stock are exercisable except for 8,000 options that are subject to the following vesting schedule - 1/2 vest on 2/1/2022 and 1/2 vest on 2/1/2023.
F5 These options to purchase Common Stock are subject to the following vesting schedule - 1/5 vest on 6/3/2022, 1/5 vest on 6/3/2023, 1/5 vest on 6/3/2024, 1/5 vest on 6/3/2025 and 1/5 vest on 6/3/2026.
F6 All these options to purchase Common Stock are exercisable except for 6,000 options that are subject to the following vesting schedule - 1/3 vest on 6/7/2021, 1/3 vest on 6/7/2022 and 1/3 vest on 6/7/2023.
F7 All these options to purchase Common Stock are exerciseable except for 9,000 options that are subject to the following vesting schedule - 1/3 vest on 6/3/2022, 1/3 vest on 6/3/2023 and 1/3 vest on 6/3/2024.
F8 All these options to purchase Common Stock are exerciseable except for 12,000 options that are subject to the following vesting schedule - 1/4 vest on 6/2/2022, 1/4 vest on 6/2/2032, 1/4 vest on 6/2/2024 and 1/4 vest on 6/2/2025.