0001718653-19-000001.txt : 20190122 0001718653-19-000001.hdr.sgml : 20190122 20190122161100 ACCESSION NUMBER: 0001718653-19-000001 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190117 FILED AS OF DATE: 20190122 DATE AS OF CHANGE: 20190122 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kipe David CENTRAL INDEX KEY: 0001718653 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13792 FILM NUMBER: 19535489 MAIL ADDRESS: STREET 1: 11 HARBOR PARK DRIVE CITY: PORT WASHINGTON STATE: NY ZIP: 11050 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SYSTEMAX INC CENTRAL INDEX KEY: 0000945114 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084] 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_154819144339068.xml FORM 4 X0306 4 2019-01-17 0 0000945114 SYSTEMAX INC SYX 0001718653 Kipe David C/O SYSTEMAX INC. 11 HARBOR PARK DRIVE PORT WASHINGTON NY 11050 0 1 0 0 SVP & Chief Operations Officer Employee Stock Option (right to buy) 31.66 2019-01-17 4 D 0 17550 0 D 2028-10-02 Common Stock 17550.0 0 D Employee Stock Option (right to buy) 29.36 2019-01-17 4 A 0 17550 0 A 2028-10-02 Common Stock 17550.0 17550 D The transactions reported herein reflect a one-time stock option repricing (the "Option Repricing") that became effective on January 17, 2019 and are being reported in this manner solely to comply with the technical reporting requirements under Section 16(a) of the Securities Exchange Act of 1934. Pursuant to the Option Repricing, the exercise price of the Employee Stock Option (right to buy) has been amended to reduce such exercise price by $2.30. There have been no other changes to the terms of the Employee Stock Option (right to buy). The Option Repricing was related to a special dividend declared in December 2018. On October 2, 2018, the reporting person was granted 17,550 stock options pursuant to the Company's 2010 Long Term Incentive Plan, which vest over three years in equal installments of 5,850, starting on February 1, 2020 based on the achievement of a minimum adjusted operating income as determined in a manner consistent with the methods used in the Issuer's regular reports on Form 10K and Form 10Q. /s/ David Kipe by April Gruder, Attorney-in-Fact 2019-01-22