Statement of Changes in Beneficial Ownership (4)
February 12 2020 - 4:44PM
Edgar (US Regulatory)
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 OF SECURITIES
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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
*
Clark Thomas Eugene |
2. Issuer Name and Ticker or Trading Symbol
SYSTEMAX INC
[
SYX
]
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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) SVP & Chief Financial Officer |
(Last)
(First)
(Middle)
C/O SYSTEMAX INC., 11 HARBOR PARK DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/10/2020 |
(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 | 2/10/2020 | | A | | 1831 (1) | A | $0 | 18539 | D | |
Common Stock | 2/10/2020 | | F |
V
| 719 (2) | D | $23.65 | 17820 | 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) | $23.65 | 2/10/2020 | | A | | 9845 | | (3) | 2/10/2030 | Common Stock | 9845.0 | $0 | 9845 | D | |
Explanation of Responses: |
(1) | Shares of common stock issued upon vesting of performance-based restricted stock units in accordance with the terms of a Performance-based Restricted Stock Unit award originally granted on January 17, 2019 (the "2019 Restrictive Award"). |
(2) | Shares surrendered for payment of tax liability incident to vesting of the 2019 Restrictive Award. |
(3) | The Employee Stock Option (right to buy) granted on February 10, 2020 have a four year vesting schedule with: 2,462 of the options vesting on the first anniversary date of the grant date, 2,461 of the options vesting on the second anniversary date of the grant date, 2,461 of the options vesting on the third anniversary date of the grant date and 2,461 of the options vesting on the fourth anniversary date of the grant date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Clark Thomas Eugene C/O SYSTEMAX INC. 11 HARBOR PARK DRIVE PORT WASHINGTON, NY 11050 |
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| SVP & Chief Financial Officer |
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Signatures
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/s/ Thomas Clark | | 2/12/2020 |
**Signature of Reporting Person | Date |
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