0001628280-18-010730.txt : 20180807 0001628280-18-010730.hdr.sgml : 20180807 20180807180520 ACCESSION NUMBER: 0001628280-18-010730 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180803 FILED AS OF DATE: 20180807 DATE AS OF CHANGE: 20180807 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lerner Eric CENTRAL INDEX KEY: 0001549062 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13792 FILM NUMBER: 18999374 MAIL ADDRESS: STREET 1: C/O SYSTEMAX INC. CITY: 11 HARBOR PARK DRIVE STATE: NY ZIP: 11050 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SYSTEMAX INC CENTRAL INDEX KEY: 0000945114 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 113262067 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 11 HARBOR PARK DR CITY: PORT WASHINGTON STATE: NY ZIP: 11050 BUSINESS PHONE: 5166087000 MAIL ADDRESS: STREET 1: 11 HARBOR PARK DRIVE CITY: PORT WASHINGTON STATE: NY ZIP: 11050 FORMER COMPANY: FORMER CONFORMED NAME: GLOBAL DIRECTMAIL CORP DATE OF NAME CHANGE: 19950509 4 1 wf-form4_153367950308030.xml FORM 4 X0306 4 2018-08-03 0 0000945114 SYSTEMAX INC SYX 0001549062 Lerner Eric C/O SYSTEMAX INC. 11 HARBOR PARK DRIVE PORT WASHINGTON NY 11050 0 1 0 0 Senior VP & General Counsel Common Stock 2018-08-03 4 M 0 18750 10.62 A 18561 D Common Stock 2018-08-03 4 M 0 12500 8.31 A 18561 D Common Stock 2018-08-03 4 M 0 25000 16.61 A 18561 D Common Stock 2018-08-03 4 M 0 25000 14.55 A 18561 D Common Stock 2018-08-03 4 M 0 25000 9.53 A 18561 D Common Stock 2018-08-03 4 F 0 72400 9.53 D 18561 D Common Stock 2018-08-03 4 D 0 33850 9.53 D 18561 D Employee Stock Option (right to buy) 10.62 2018-08-03 4 M 0 18750 0 D 2025-05-02 Common Stock 18750.0 6250 D Employee Stock Option (right to buy) 8.31 2018-08-03 4 M 0 12500 0 D 2026-02-01 Common Stock 12500.0 12500 D Employee Stock Option (right to buy) 16.61 2018-08-03 4 M 0 25000 0 D 2024-05-02 Common Stock 25000.0 0 D Common Stock 14.55 2018-08-03 4 M 0 25000 0 D 2022-05-03 Common Stock 25000.0 0 D Common Stock 9.53 2018-08-03 4 M 0 25000 0 D 2023-05-03 Common Stock 25000.0 0 D Pursuant to the previously disclosed share repurchase program, the Issuer has entered into, with the approval of the Board of Directors, a privately negotiated, arm's length agreement with the filing person to repurchase an aggregate of 106,250 shares (by means of a net cashless exercise of options and net of applicable taxes) at a price equal to $38.96 per share, reflecting a 4% discount to the closing price of the Issuer's common stock on August 2, 2018. 72,400 of such shares were surrendered to the Issuer to satisfy the exercise price of each of the stock options and to satisfy withholding tax obligations and 33,850 of such shares were purchased by the Issuer pursuant to Rule 16b-3(e). The amount of non-derivative securities beneficially owned following the transaction on Table I is 18,561, which includes 8,333 unvested Restricted Stock Units that were granted on February 1, 2016 and 10,228 shares of common stock. The options vest over a period of four years with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date, which is May 2, 2015 The options vest over a period of four years with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date, which is February 1, 2016. The options vest over a period of four years with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date, which is May 2, 2014. The options vest over a period of four years with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date, which is May 3, 2012. The options vest over a period of four years with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date, which is May 3, 2013. /s/ Eric Lerner 2018-08-07