Sec Form 4 Filing - Felmer Thomas J @ BRADY CORP - 2019-09-11

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Felmer Thomas J
2. Issuer Name and Ticker or Trading Symbol
BRADY CORP [ BRC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SRVP & Pres., Workplace Safety
(Last) (First) (Middle)
6555 W. GOOD HOPE RD
3. Date of Earliest Transaction (MM/DD/YY)
09/11/2019
(Street)
MILWAUKEE, WI53223
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 09/11/2019 M 45,500 ( 1 ) A $ 30.21 101,008 D
Class A Common Stock 09/11/2019 F 34,895 ( 1 ) D $ 53.93 66,113 D
Class A Common Stock 09/11/2019 M 33,862 ( 2 ) A $ 31.07 99,975 D
Class A Common Stock 09/11/2019 F 26,256 ( 2 ) D $ 53.93 73,719 D
Class A Common Stock 09/11/2019 M 47,159 ( 3 ) A $ 22.66 120,878 D
Class A Common Stock 09/11/2019 F 32,668 ( 3 ) D $ 53.93 88,210 D
Class A Common Stock 09/11/2019 M 56,513 ( 4 ) A $ 19.96 144,723 D
Class A Common Stock 09/11/2019 F 37,648 ( 4 ) D $ 53.93 107,075 D
Class A Common Stock 09/11/2019 M 15,718 ( 5 ) A $ 35.14 122,793 D
Class A Common Stock 09/11/2019 F 12,816 ( 5 ) D $ 53.93 109,977 D
Class A Common Stock 09/11/2019 M 7,099 ( 6 ) A $ 36.85 117,076 D
Class A Common Stock 09/11/2019 F 5,908 ( 6 ) D $ 53.93 111,168 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option Net Exercise $ 30.21 09/11/2019 M 45,500 ( 7 ) 09/21/2022 Class A Common Stock 45,500 $ 0 0 D
Stock Option Net Exercise $ 31.07 09/11/2019 M 33,862 ( 7 ) 09/20/2023 Class A Common Stock 33,862 $ 0 0 D
Stock Option Net Exercise $ 22.66 09/11/2019 M 47,159 ( 7 ) 09/25/2024 Class A Common Stock 47,159 $ 0 0 D
Stock Option Net Exercise $ 19.96 09/11/2019 M 56,513 ( 7 ) 09/25/2025 Class A Common Stock 56,513 $ 0 0 D
Stock Option Net Exercise $ 35.14 09/11/2019 M 15,718 ( 7 ) 09/23/2026 Class A Common Stock 15,718 $ 0 7,858 D
Stock Option Net Exercise $ 36.85 09/11/2019 M 7,099 ( 7 ) 09/22/2027 Class A Common Stock 7,099 $ 0 14,196 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Felmer Thomas J
6555 W. GOOD HOPE RD
MILWAUKEE, WI53223
SRVP & Pres., Workplace Safety
Signatures
Heidi Knueppel, Attorney-In-Fact 09/13/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents net exercise of stock option. 45,500 options were exercised, resulting in a net gain of 10,605 shares (20,010 gross shares less payroll tax withholding of 9,405 shares).
( 2 )Represents net exercise of stock option. 33,862 options were exercised, resulting in a net gain of 7,606 shares (14,351 gross shares less payroll tax withholding of 6,745 shares).
( 3 )Represents net exercise of stock option. 47,159 options were exercised, resulting in a net gain of 14,491 shares (27,342 gross shares less payroll tax withholding of 12,851 shares).
( 4 )Represents net exercise of stock option. 56,513 options were exercised, resulting in a net gain of 18,865 shares (35,595 gross shares less payroll tax withholding of 16,730 shares).
( 5 )Represents net exercise of stock option. 15,718 options were exercised, resulting in a net gain of 2,902 shares (5,475 gross shares less payroll tax withholding of 2,573 shares).
( 6 )Represents net exercise of stock option. 7,099 options were exercised, resulting in a net gain of 1,191 shares (2,247 gross shares less payroll tax withholding of 1,056 shares).
( 7 )Represents options exercisable one third each year for the three years subsequent to the grant date.

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