SEC Form 4: Mendelson Victor H covered exercise/tax liability with 56,913 shares, exercised 122,070 shares at a strike of $21.41, covered exercise/tax liability with 59,003 shares and exercised 122,070 shares at a strike of $15.45, decreasing direct ownership by 78% to 239,204 units
$HEI
Aerospace
Industrials
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
HEICO CORP [ HEI, HEI.A ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/28/2021 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 12/28/2021 | M | 122,070 | A | $21.4098 | 1,190,269 | D | |||
| Common Stock | 12/28/2021 | F | 59,003 | D | $144.52 | 1,131,266 | D | |||
| Class A Common Stock | 12/28/2021 | M | 122,070 | A | $15.4501 | 296,117 | D | |||
| Class A Common Stock | 12/28/2021 | F | 56,913 | D | $128.84 | 239,204 | D | |||
| Class A Common Stock | 209,528 | I | Owned by Corporation(1) | |||||||
| Common Stock | 172,515 | I | Owned by Partnership(2) | |||||||
| Common Stock | 4,762 | I | As custodian for children | |||||||
| Class A Common Stock | 19,136 | I | As custodian for children | |||||||
| Common Stock | 92,535 | I | By 401(k)(3) | |||||||
| Class A Common Stock | 87,694 | I | By 401(k)(3) | |||||||
| Common Stock | 921 | I | By Keogh Account | |||||||
| Class A Common Stock | 16,133 | I | By Keogh Account | |||||||
| Common Stock | 565,662 | I | By Trusts(4) | |||||||
| Class A Common Stock | 137,199 | I | By Trusts(4) | |||||||
| Common Stock | 28,806 | I | By Trusts(5) | |||||||
| Class A Common Stock | 8,465 | I | By Trusts(5) | |||||||
| Common Stock | 4,072 | I | By 409A Plan(6) | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) | 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: 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 | ||||||||
| Option (Right to purchase Common Stock) | $21.4098 | 12/28/2021 | M | 122,070 | (7) | 06/10/2023 | Common Stock | 122,070 | $0 | 0 | D | ||||
| Option (Right to purchase Common Stock) | $29.6704 | (7) | 06/08/2025 | Common Stock | 97,656 | 97,656 | D | ||||||||
| Option (Right to purchase Common Stock) | $24.9498 | (7) | 12/14/2025 | Common Stock | 97,656 | 97,656 | D | ||||||||
| Option (Right to purchase Common Stock) | $44.9638 | (7) | 03/17/2027 | Common Stock | 195,313 | 195,313 | D | ||||||||
| Option (Right to purchase Common Stock) | $70.656 | (7) | 03/16/2028 | Common Stock | 125,000 | 125,000 | D | ||||||||
| Option (Right to purchase Common Stock) | $134.7 | (7) | 09/24/2031 | Common Stock | 125,000 | 125,000 | D | ||||||||
| Option (Right to purchase Class A Common Stock) | $15.4501 | 12/28/2021 | M | 122,070 | (7) | 06/10/2023 | Class A Common Stock | 122,070 | $0 | 0 | D | ||||
| Explanation of Responses: |
| 1. Represents shares owned by Mendelson International Corporation whose stock is owned solely by the Reporting Person and Eric Mendelson, the brother of the Reporting Person. |
| 2. Represents shares owned by VHM Management Limited Partners, a partnership whose sole general partner is a corporation controlled by the Reporting Person. |
| 3. Represents shares held for the benefit of the Reporting Person by the HEICO Corporation 401(k), based on a plan statement dated December 27, 2021. |
| 4. Represents shares gifted by the Reporting Person to trusts for the benefit of the Reporting Person's immediate family members and whose Trustee is the Reporting Person. |
| 5. Represents shares owned by the Victor H. Mendelson Revocable Investment Trust which is owned solely by the Reporting Person. |
| 6. Represents shares held for the reporting person by the HEICO Corporation Leadership Compensation Plan (409A Plan). |
| 7. These options are exercisable at 20% per year over five years from the date of grant. |
| Remarks: |
| /s/ Victor H. Mendelson | 12/29/2021 | |
| ** 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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||