Nauman J Michael Form 4 BRADY / J Michael Nauman ownership change

SEC Form 4

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^*

Nauman J Michael

(Last) (First) (Middle)

6555 WEST GOOD HOPE RD.

(Street)

MILWAUKEE WI 53223

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BRADY CORP [ BRC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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
Class A Common Stock	05/29/2018		M		26,118(1)	A	$22.66	139,348	D
Class A Common Stock	05/29/2018		F		20,293(1)	D	$39.13	119,055	D
Class A Common Stock	05/29/2018		M		60,280(2)	A	$19.96	179,335	D
Class A Common Stock	05/29/2018		F		44,630(2)	D	$39.13	134,705	D
Class A Common Stock	05/29/2018		M		7,144(3)	A	$35.14	141,849	D
Class A Common Stock	05/29/2018		F		6,758(3)	D	$39.13	135,091(4)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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
Stock Option Net Exercise	$22.66	05/29/2018		M			26,118	(5)	09/25/2024	Class A Common Stock	26,118	$0	60,943	D
Stock Option Net Exercise	$19.96	05/29/2018		M			60,280	(5)	09/25/2025	Class A Common Stock	60,280	$0	241,119	D
Stock Option Net Exercise	$35.14	05/29/2018		M			7,144	(5)	09/23/2026	Class A Common Stock	7,144	$0	100,017	D

Explanation of Responses:

1. Represents net exercise of stock option. 26,118 options were exercised, resulting in a net gain of 5,825 shares (10,991 gross shares less payroll tax withholding of 5,166 shares).

2. Represents net exercise of stock option. 60,280 options were exercised, resulting in a net gain of 15,650 shares (29,528 gross shares less payroll tax withholding of 13,878 shares).

3. Represents net exercise of stock option. 7,144 options were exercised, resulting in a net gain of 386 shares (728 gross shares less payroll tax withholding of 342 shares).

4. Subsequent to the transaction date, amount of securities beneficially owned by the reporting owner were reduced by 27,218 shares of Class A Common Stock pursuant to a domestic relations order.

5. Represents options exercisable one third each year for the three years subsequent to the grant date.

Remarks:

	Heidi Knueppel, Attorney-In-Fact	05/31/2018
	** 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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