SEC Form 4 · accession 0001127602-17-001690
GLOBAL PAYMENTS INC · GPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan M Silberstein
Director
Period of report
Jan 12, 2017
Accepted (ET)
Jan 13, 2017 · 4:24 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 | Jan 12, 2017 | M | 10,804 | $21.275 | A | 58,270 | D | |
| Common StockF2 | Jan 12, 2017 | F | 2,962 | $77.60 | D | 55,308 | D | |
| Common Stock | Jan 13, 2017 | S | 3,865 | $77.52 | D | 51,443 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock Option (Right to Buy)F3 | $21.275 | Jan 12, 2017 | M | 10,804 | D | — | Sep 27, 2017 | Common Stock | 10,804 | 0 | D |
Explanation of responses
- F1Represents forfeitures in connection with a "net exercise" of outstanding stock options. A total of 2,962 shares were withheld by Global Payments Inc. (the "Company") for payment of the exercise price, and the net exercises resulted in the issuance of 7,842 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 will become exercisable in 25% increments on the first (September 27, 2008), second (September 27, 2009), third (September 27, 2010) and fourth (September 27, 2011) anniversary of the grant date.