Statement of Changes in Beneficial Ownership (4)
December 16 2019 - 6:12PM
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
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REINHOLD LAWRENCE P |
2. Issuer Name and Ticker or Trading Symbol
SYSTEMAX INC
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SYX
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O SYSTEMAX INC., 11 HARBOR PARK DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/12/2019 |
(Street)
PORT WASHINGTON, NY 11050
(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 | 12/12/2019 | | M(1) | | 1257 | A | $12 | 162289 | D | |
Common Stock | 12/12/2019 | | S(1) | | 1257 | D | $25 | 161032 | D | |
Common Stock | 12/13/2019 | | M | | 43856 | A | $12 | 204888 | D | |
Common Stock | 12/13/2019 | | S | | 43856 | D | $25 | 161032 | D | |
Common Stock | 12/13/2019 | | M | | 228 | A | $6.65 | 161260 | D | |
Common Stock | 12/12/2019 | | S | | 228 | D | $25 | 161032 (2) | D | |
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 |
Employee Stock Option (right to buy) | $12.0 | 12/12/2019 | | M (1) | | | 1257 | (3) | 11/14/2021 | Common Stock | 1257.0 | $0 | 43856 | D | |
Employee Stock Option (right to buy) | $12.0 | 12/13/2019 | | M (4) | | | 43856 | (3) | 11/14/2021 | Common Stock | 43856.0 | $0 | 0 | D | |
Employee Stock Option (right to buy) | $6.65 | 12/13/2019 | | M (5) | | | 228 | (6) | 12/14/2026 | Common Stock | 228.0 | $0 | 99772 | D | |
Explanation of Responses: |
(1) | This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by this reporting person. Cashless exercise of 1,257 options and immediate sale of 1,257 shares of common stock through broker of an award granted on granted on November 14, 2011. |
(2) | The amount of non-derivative securities beneficially owned following the reported transactions are 161,032, which includes: the January 7, 2019 grant of 849 Restricted Stock Units, the June 3, 2019 grant of 1,839 Restricted Stock Units and 158,344 shares of common stock. |
(3) | The options granted on November 14, 2011 have a four year vesting schedule with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date. |
(4) | This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by this reporting person. Cashless exercise of 43,856 options and immediate sale of 43,856 shares of common stock through broker of an award granted on granted on November 14, 2011. |
(5) | This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by this reporting person. Cashless exercise of 228 options and immediate sale of 228 shares of common stock through broker of an award granted on granted on December 14, 2016. |
(6) | The options granted on December 14, 2016 have a four year vesting schedule with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
REINHOLD LAWRENCE P C/O SYSTEMAX INC. 11 HARBOR PARK DRIVE PORT WASHINGTON, NY 11050 | X |
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Signatures
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/s/ Lawrence Reinhold | | 12/16/2019 |
**Signature of Reporting Person | Date |
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