SEC Form 4 · accession 0001127602-17-029671
GLOBAL PAYMENTS INC · GPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Steven Sloan
Officer — CEO · Director
Period of report
Oct 5, 2017
Accepted (ET)
Oct 10, 2017 · 4:42 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 | Oct 5, 2017 | A | 191,362 | $96.79 | A | 393,249 | D | |
| Common Stock | Oct 5, 2017 | F | 30,586 | $96.79 | D | 362,663 | D | |
| Common StockF3 | holding | — | — | — | 35,035 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of restricted common stock issued as a result of the conversion of performance-based restricted units, which were originally granted on September 30, 2014, and were earned based on the absolute share price appreciation of the Company's stock and the relative share price appreciation of the Company's stock compared to the S&P 500 index at the end of a three-year performance period. One-third of the restricted shares vested immediately on October 5, 2017, and the remaining two-thirds of the shares will vest in equal increments on each of September 30, 2018 and 2019.
- F2Represents the disposition of shares to the company to cover taxes on the vesting of awards.
- F3Shares held by the Jeffrey S. Sloan Grantor Retained Annuity Trust (the "Trust"). The reporting person disclaims beneficial ownership of the securities held through the Trust and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest.