Sec Form 4 Filing - Nauman J Michael @ BRADY CORP - 2020-06-03

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
Nauman J Michael
2. Issuer Name and Ticker or Trading Symbol
BRADY CORP [ BRC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President & CEO
(Last) (First) (Middle)
6555 WEST GOOD HOPE RD.
3. Date of Earliest Transaction (MM/DD/YY)
06/03/2020
(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 94,716 ( 1 ) I By Self as Trustee for The JMN Living Trust
Class A Common Stock 06/03/2020 M 25,770 ( 2 ) A $ 19.96 64,998 ( 1 ) D
Class A Common Stock 06/03/2020 F 17,327 ( 2 ) D $ 52.28 47,671 D
Class A Common Stock 06/03/2020 M 15,069 ( 3 ) A $ 19.96 62,740 D
Class A Common Stock 06/03/2020 F 10,131 ( 3 ) D $ 52.31 52,609 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 $ 19.96 06/03/2020 M 25,770 ( 4 ) 09/25/2025 Class A Common Stock 25,770 $ 0 115,069 D
Stock Option $ 19.96 06/03/2020 M 15,069 ( 4 ) 09/25/2025 Class A Common Stock 15,069 $ 0 100,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Nauman J Michael
6555 WEST GOOD HOPE RD.
MILWAUKEE, WI53223
X President & CEO
Signatures
Heidi Knueppel, Attorney-In-Fact 06/05/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Previous to the transaction date, 66,967 shares of Class A Common Stock were transferred from direct ownership into the reporting owner's living trust.
( 2 )Represents net exercise of stock option. 25,770 options were exercised, resulting in a net gain of 8,443 shares (15,931 gross shares less payroll tax withholding of 7,488 shares).
( 3 )Represents net exercise of stock option. 15,069 options were exercised, resulting in a net gain of 4,938 shares (9,318 gross shares less payroll tax withholding of 4,380 shares).
( 4 )Represents options exercisable one third each year for the three years subsequent to the grant date.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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