BRADY CORP 4
4 · BRADY CORP · Filed May 31, 2006
Insider Transaction Report
Form 4
BRADY CORPBRC
NEI GARY E
Director
Transactions
- Award
Phantom Stock Units
2006-05-30$40.45/sh+0.805$33→ 32,917.344 total→ Class A Common Stock (0.805 underlying)
Footnotes (2)
- [F1]This security converts to a common stock on a 1 for 1 basis.
- [F2]The phantom stock units were acquired under the Brady Corporation employee deferred compensation agreement and are to be settled in installment payments of Brady's Class A Common Stock upon the person's cessation of service as an employee.