Form 4 for MSM MSC INDUSTRIAL DIRECT CO INC
Accepted 2023-10-05 00:00:00 ET · period of report 2023-10-04 · accession 0001003078-23-000082 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2023-10-05 | 2023-10-04 | MSM | GERSHWIND ERIK | Pres, CEO, Dir | A - Grant | — | +548.5K | 302.5K | New | — |
| D | 2023-10-05 | 2023-10-04 | MSM | GERSHWIND ERIK | Pres, CEO, Dir | A - Grant | — | +873.7K | 1.34M | +188% | — |
| DMI | 2023-10-05 | 2023-10-04 | MSM | GERSHWIND ERIK | Pres, CEO, Dir | D - Sale to Iss | — | -447.7K | 0 | -100% | — |
| D | 2023-10-05 | 2023-10-04 | MSM | GERSHWIND ERIK | Pres, CEO, Dir | D - Sale to Iss | — | -713.2K | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock, $0.001 par value | 2023-10-04 | A | A | 102,435 | — | 102,435 | I | — | — | (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. |
| 2 | Common | Class A Common Stock, $0.001 par value | 2023-10-04 | A | A | 61,027 | — | 61,027 | I See footnotes | — | — | (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. (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. |
| 3 | Common | Class A Common Stock, $0.001 par value | 2023-10-04 | A | A | 245,000 | — | 245,000 | I See footnotes | — | — | (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. (F4) Represents shares held by a trust of which the Reporting Person is a co-trustee and beneficiary. (F2) The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. |
| 4 | Common | Class A Common Stock, $0.001 par value | 2023-10-04 | A | A | 873,655 | — | 1,337,378 | D See footnotes | — | — | (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. |
| 5 | Common | Class A Common Stock, $0.001 par value | 2023-10-04 | A | A | 140,007 | — | 302,464 | I See footnotes | — | — | (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. (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. |
| 6 | Derivative | Class B Common Stock | 2023-10-04 | D | D | 114,293 | — | 0 | I See footnotes | — · — to — | 140,007 Class A Common Stock, $0.001 par value | (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. (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. |
| 7 | Derivative | Class B Common Stock | 2023-10-04 | D | D | 83,621 | — | 0 | I | — · — to — | 102,435 Class A Common Stock, $0.001 par value | (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. |
| 8 | Derivative | Class B Common Stock | 2023-10-04 | D | D | 49,818 | — | 0 | I See footnotes | — · — to — | 61,027 Class A Common Stock, $0.001 par value | (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. (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. (F2) The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. |
| 9 | Derivative | Class B Common Stock | 2023-10-04 | D | D | 200,000 | — | 0 | I See footnotes | — · — to — | 245,000 Class A Common Stock, $0.001 par value | (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. (F4) Represents shares held by a trust of which the Reporting Person is a co-trustee and beneficiary. (F2) The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. |
| 10 | Derivative | Class B Common Stock | 2023-10-04 | D | D | 713,188 | — | 0 | D See footnotes | — · — to — | 873,655 Class A Common Stock, $0.001 par value | (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. |