Statement of Changes in Beneficial Ownership (4)
November 26 2019 - 5:11PM
Edgar (US Regulatory)
FORM 4
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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 OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Avampato John |
2. Issuer Name and Ticker or Trading Symbol
REGAL BELOIT CORP
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RBC
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP & Chief Information Officer |
(Last)
(First)
(Middle)
200 STATE STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/25/2019 |
(Street)
BELOIT, WI 53511
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 11/25/2019 | | S | | 5380 | D | $82.962 (1) | 10234 | D | |
Common Stock | | | | | | | | 1638 (2) | I | Retirement Savings Plan |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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 Appreciation Rights | $72.29 | | | | | | | 5/4/2013 (3) | 5/4/2021 | Common Stock | 6000.0 | | 6000 | D | |
Stock Appreciation Rights | $63.56 | | | | | | | 5/3/2014 (3) | 5/3/2022 | Common Stock | 6500.0 | | 6500 | D | |
Stock Appreciation Rights | $64.99 | | | | | | | 5/2/2015 (4) | 5/2/2023 | Common Stock | 3875.0 | | 3875 | D | |
Stock Appreciation Rights | $75.76 | | | | | | | 5/7/2016 (4) | 5/7/2024 | Common Stock | 3600.0 | | 3600 | D | |
Stock Appreciation Rights | $78.15 | | | | | | | 5/12/2017 (4) | 5/12/2025 | Common Stock | 4500.0 | | 4500 | D | |
Stock Appreciation Rights | $57.43 | | | | | | | 5/11/2018 (4) | 5/11/2026 | Common Stock | 6825.0 | | 6825 | D | |
Stock Appreciation Rights | $80.7 | | | | | | | 5/10/2019 (4) | 5/10/2027 | Common Stock | 4450.0 | | 4450 | D | |
Stock Appreciation Rights | $77.6 | | | | | | | 5/9/2020 (5) | 5/9/2028 | Common Stock | 4700.0 | | 4700 | D | |
Stock Appreciation Rights | $81.81 | | | | | | | 5/8/2021 (5) | 5/8/2029 | Common Stock | 5550.0 | | 5550 | D | |
Explanation of Responses: |
(1) | The price in Column 4 is a weighted average price. The prices actually received ranged from $82.77 to $83.025. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price. |
(2) | Balance reflects the most current data available with regard to holdings in the Regal Beloit Corporation Retirement Savings Plan. |
(3) | Granted as stock-settled Stock Appreciation Rigths (SARs) under the 2007 Equity Incentive Plan. The SARs vest and become exerciseable 40% on the second anniversary of the date of grant, 60% on the third anniversary, 80% on the fourth anniversary and 100% on the fifth anniversary. |
(4) | Granted as stock-settled SARs under the 2013 Equity Incentive Plan. The SARs vest and become exercisable 40% on the second anniversary of the date of grant, 60% on the third anniversary, 80% on the fourth anniversary and 100% on the fifth anniversary. |
(5) | Granted as stock-settled SARs under the 2018 Equity Incentive Plan. The SARs vest and become exercisable 40% on the second anniversary of the date of grant, 60% on the third anniversary, 80% on the fourth anniversary and 100% on the fifth anniversary. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Avampato John 200 STATE STREET BELOIT, WI 53511 |
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| VP & Chief Information Officer |
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Signatures
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/s/ Thomas E. Valentyn, as Power of Attorney | | 11/26/2019 |
**Signature of Reporting Person | Date |
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