Peter A. Dorsman - Feb 8, 2022 Form 4 Insider Report for APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)

Role
Director
Signature
/s/ Patricia A. Comai, POA for Peter A. Dorsman
Stock symbol
AIT
Transactions as of
Feb 8, 2022
Transactions value $
-$984,220
Form type
4
Date filed
2/10/2022, 01:47 PM
Previous filing
Feb 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIT Common Stock Sale -$531K -5.54K -48.06% $95.79 5.99K Feb 8, 2022 Direct F1
transaction AIT Common Stock Sale -$454K -4.72K -78.82% $96.11 1.27K Feb 8, 2022 Direct F2, F3
holding AIT Common Stock 39.5K Feb 8, 2022 Deferred Compensation Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $95.28 to $95.99, inclusive.
F2 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $96.00 to $96.45, inclusive.
F3 Share total has been corrected. The Form 4 filed 8/24/2020 reported two non-qualified stock option exercises for which the issuer withheld 3,206 shares to cover the cost of the both exercises. The Form 4 only reported 1,790 shares withheld for one exercise and mistakenly omitted the 1,416 shares withheld on the other exercise. This resulted in an overstatement of the number of shares held.