Statement of Changes in Beneficial Ownership (4)
27 Mai 2021 - 10:38PM
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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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
*
Brown Scott Douglas |
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) Segment President* |
(Last)
(First)
(Middle)
200 STATE STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/25/2021 |
(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 | 5/25/2021 | | S | | 5084 | D | $139.5053 (1) | 5320 | 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 |
Stock Appreciation Rights | $75.76 | | | | | | | 5/7/2016 (2) | 5/7/2024 | Common Stock | 2700.0 | | 2700 | D | |
Stock Appreciation Rights | $78.15 | | | | | | | 5/12/2017 (2) | 5/12/2025 | Common Stock | 4200.0 | | 4200 | D | |
Stock Appreciation Rights | $57.43 | | | | | | | 5/11/2018 (2) | 5/11/2026 | Common Stock | 6590.0 | | 6590 | D | |
Stock Appreciation Rights | $80.7 | | | | | | | 5/10/2019 (2) | 5/10/2027 | Common Stock | 4302.0 | | 4302 | D | |
Stock Appreciation Rights | $77.6 | | | | | | | 5/9/2020 (3) | 5/9/2028 | Common Stock | 4343.0 | | 4343 | D | |
Stock Appreciation Rights | $81.81 | | | | | | | 5/8/2021 (3) | 5/8/2029 | Common Stock | 4812.0 | | 4812 | D | |
Stock Appreciation Rights | $88.45 | | | | | | | 2/18/2021 (4) | 2/18/2030 | Common Stock | 5887.0 | | 5887 | D | |
Stock Appreciation Rights | $140.22 | | | | | | | 2/23/2022 (4) | 2/23/2031 | Common Stock | 4508.0 | | 4508 | D | |
Explanation of Responses: |
(1) | The price in Column 4 is a weighted average price. The prices actually received ranged from $139.4406 to $139.556. 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) | Granted as stock-settled Stock Appreciation Rights ("SARs") under the 2013 Equity Incentive Plan. The SARs vest and become exercisable 40% on the second anniversary, 60% on the third anniversary, 80% on the fourth anniversary and 100% on the fifth anniversary of the date of the grant. |
(3) | Granted as stock-settled SARs under the 2018 Equity Incentive Plan. The SARs vest and become exercisable 40% on the second anniversary, 60% on the third anniversary, 80% on the fourth anniversary and 100% on the fifth anniversary of the date of the grant. |
(4) | Granted as stock-settled SARs under the 2018 Equity Incentive Plan. The SARs vest and become exercisable 34% on the first anniversary, 67% on the second anniversary and 100% on the third anniversary of the date of the grant. |
Remarks: *President, Commercial Systems Segment |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Brown Scott Douglas 200 STATE STREET BELOIT, WI 53511 |
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| Segment President* |
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Signatures
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/s/ Thomas E. Valentyn, as Power of Attorney | | 5/27/2021 |
**Signature of Reporting Person | Date |
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