SEC Form 4 · accession 0001127602-16-041404
GLOBAL PAYMENTS INC · GPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan M Silberstein
Director
Period of report
Feb 11, 2016
Accepted (ET)
Feb 16, 2016 · 4:13 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001123360
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 11, 2016 | M | 8,740 | $19.47 | A | 53,087 | D | |
| Common StockF2 | Feb 11, 2016 | F | 3,100 | $54.90 | D | 49,987 | D | |
| Common Stock | Feb 12, 2016 | S | 2,600 | $55.11 | D | 47,387 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $19.47 | Feb 11, 2016 | M | 8,740 | D | — | Sep 28, 2016 | Common Stock | 8,740 | 0 | D |
Explanation of responses
- F1Represents forfeitures in connection with a "net exercise" of outstanding stock options. A total of 3,100 shares were withheld by Global Payments Inc. (the "Company") for payment of the exercise price, and the net exercises resulted in the issuance of 5,640 shares, in the aggregate, by the Company to the reporting person.
- F2Closing price of the Company's common stock on the transaction date.
- F3This grant became exercisable in 25% increments on the first (September 28, 2007), second (September 28, 2008), third (September 28, 2009), and fourth (September 28, 2010) anniversary of the grant date.