Statement of Changes in Beneficial Ownership (4)
March 03 2020 - 06:22PM
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
*
DOOLEY ROBERT |
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) President, Industrial Prod GRP |
(Last)
(First)
(Middle)
C/O SYSTEMAX INC., 11 HARBOR PARK DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/1/2020 |
(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 (1) | 3/1/2020 | | A |
V
| 5000 | A | $0 | 91241 | D | |
Common Stock (2) | 3/1/2020 | | F |
V
| 1699 | D | $0 | 89542 | D | |
Common Stock (3) | 3/2/2020 | | A |
V
| 637 | A | $16.66 (4) | 86241 (5) | 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 |
Explanation of Responses: |
(1) | Shares of common stock issued upon vesting ofrestricted stock units in accordance with the terms of a Restricted Stock Unit award originally granted on March 1, 2012 (the "2012 Restrictive Award"). |
(2) | Shares surrendered for payment of tax liability incident to vesting of the 2012 Restrictive Award. |
(3) | The reporting person is voluntarily reporting the acquisition of shares of the Issuer's common stock pursuant to the Systemax Inc. Employee Stock Purchase Plan ("ESPP") on March 2, 2020. This transaction is exempt under Rule 16b-3(c). |
(4) | In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the Issuer's common stock on September 3, 2019. |
(5) | The amount of non-derivative securities beneficially owned following the reported transactions on this Form 5 is 86,241, which includes 10,000 unvested Restricted Stock Units that were granted on March 1, 2012 and 76,241 shares of common stock. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
DOOLEY ROBERT C/O SYSTEMAX INC. 11 HARBOR PARK DRIVE PORT WASHINGTON, NY 11050 |
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| President, Industrial Prod GRP |
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Signatures
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/s/ Robert Dooley | | 3/3/2020 |
**Signature of Reporting Person | Date |
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