SEC Form 4 · accession 0001127602-17-025350
GLOBAL PAYMENTS INC · GPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William I Jacobs
Director
Period of report
Aug 7, 2017
Accepted (ET)
Aug 9, 2017 · 4:48 pm EDT
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 | Aug 7, 2017 | M | 10,804 | $21.275 | A | 52,079 | D | |
| Common StockF2 | Aug 7, 2017 | F | 2,376 | $96.76 | D | 49,703 | 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 | Aug 7, 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 2,376 shares were withheld by Global Payments Inc. (the "Company") for payment of the exercise price, and the net exercises resulted in the issuance of 8,428 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 27, 2008), second (September 27, 2009), third (September 27, 2010) and fourth (September 27, 2011) anniversary of the grant date.