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
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 * | 2. Issuer Name and Ticker or Trading Symbol | 5. Relationship of Reporting Person(s) to Issuer |
(Check all applicable) |
Werner Klaus | SYSTEMAX INC [ SYX ] | _____ Director | _____ 10% Owner | |||||||||||||||||||||||||||
(Last) | (First) | (Middle) | 3. Date of Earliest Transaction (MM/DD/YYYY) | |||||||||||||||||||||||||||
__X__ Officer (give title below) _____ Other (specify below) | ||||||||||||||||||||||||||||||
C/O SYSTEMAX INC., 11 HARBOR | 2/24/2020 | SVP & Chief Marketing Officer | ||||||||||||||||||||||||||||
PARK DRIVE | ||||||||||||||||||||||||||||||
(Street) | 4. If Amendment, Date Original Filed (MM/DD/YYYY) 6. Individual or Joint/Group Filing (Check Applicable Line) | |||||||||||||||||||||||||||||
PORT WASHINGTON, NY 11050 | _X _ Form filed by One Reporting Person | |||||||||||||||||||||||||||||
(City) | (State) | (Zip) | ___ Form filed by More than One Reporting Person | |||||||||||||||||||||||||||
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||||||||||||||||||||||
1.Title of Security | 2. Trans. Date | 2A. Deemed | 3. Trans. Code | 4. Securities Acquired (A) | 5. Amount of Securities Beneficially Owned | 6. | 7. Nature | |||||||||||||||||||||||
(Instr. 3) | Execution | (Instr. 8) | or Disposed of (D) | Following Reported Transaction(s) | Ownership | of Indirect | ||||||||||||||||||||||||
Date, if any | (Instr. 3, 4 and 5) | (Instr. 3 and 4) | Form: | Beneficial | ||||||||||||||||||||||||||
Direct (D) | Ownership | |||||||||||||||||||||||||||||
or Indirect | (Instr. 4) | |||||||||||||||||||||||||||||
(A) or | (I) (Instr. | |||||||||||||||||||||||||||||
Code | V | Amount | (D) | Price | 4) | |||||||||||||||||||||||||
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | ||||||||||||||||||||||||||||||
1. Title of Derivate | 2. | 3. Trans. | 3A. Deemed | 4. Trans. | 5. Number of | 6. Date Exercisable and | 7. Title and Amount of | 8. Price of | 9. Number of | 10. | 11. Nature | |||||||||||||||||||
Security | Conversion | Date | Execution | Code | Derivative | Expiration Date | Securities Underlying | Derivative | derivative | Ownership | of Indirect | |||||||||||||||||||
(Instr. 3) | or Exercise | Date, if any | (Instr. 8) | Securities Acquired | Derivative Security | Security | Securities | Form of | Beneficial | |||||||||||||||||||||
Price of | (A) or Disposed of | (Instr. 3 and 4) | (Instr. 5) | Beneficially | Derivative | Ownership | ||||||||||||||||||||||||
Derivative | (D) | Owned | Security: | (Instr. 4) | ||||||||||||||||||||||||||
Security | (Instr. 3, 4 and 5) | Following | Direct (D) | |||||||||||||||||||||||||||
Reported | or Indirect | |||||||||||||||||||||||||||||
Date | Expiration | Amount or | ||||||||||||||||||||||||||||
Title | Transaction(s) | (I) (Instr. | ||||||||||||||||||||||||||||
Number of | ||||||||||||||||||||||||||||||
Code | V | (A) | (D) | Exercisable | Date | Shares | (Instr. 4) | 4) | ||||||||||||||||||||||
Employee Stock | Common | |||||||||||||||||||||||||||||
Option (right to | $22.93 | 2/24/2020 | A | 7924 | 2/24/2030 | 7924.0 | $0 | 7924 | D | |||||||||||||||||||||
Stock | ||||||||||||||||||||||||||||||
buy) | ||||||||||||||||||||||||||||||
Explanation of Responses:
- The Employee Stock Option (right to buy) granted on February 24, 2020 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
Reporting Owner Name / Address | Relationships | ||||
Director | 10% Owner | Officer | Other | ||
Werner Klaus | |||||
C/O SYSTEMAX INC. | SVP & Chief Marketing Officer | ||||
11 HARBOR PARK DRIVE | |||||
PORT WASHINGTON, NY 11050 | |||||
Signatures | |||||
/s/ Klaus Werner | 2/26/2020 | ||||
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
- If the form is filed by more than one reporting person, see Instruction 4(b)(v).
- Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Disclaimer
Systemax Inc. published this content on 26 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 February 2020 08:12:04 UTC