SEC Form 4 · accession 0001127602-18-009230
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
Feb 26, 2018
Accepted (ET)
Feb 28, 2018 · 9:38 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 StockF2 | Feb 26, 2018 | A | 16,347 | $114.70 | A | 402,085 | D | |
| Common Stock | Feb 26, 2018 | A | 25,924 | $114.70 | A | 428,009 | D | |
| Common Stock | Feb 26, 2018 | F | 5,874 | $114.70 | D | 422,135 | D | |
| Common StockF5 | holding | — | — | — | 11,960 | I | By Trust |
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)F6 | $114.70 | Feb 26, 2018 | A | 53,435 | A | — | Feb 26, 2028 | Common Stock | 53,435 | 53,435 | D |
Explanation of responses
- F1Represents restricted shares of common stock, which were granted to the reporting person as compensation. The restricted shares will vest in equal installments on each of the first three anniversaries of the grant date.
- F2Balance includes transfer of 23,075 shares from indirect ownership to direct ownership.
- F3Represents shares of restricted common stock issued as a result of the vesting of performance-based synergy units which were originally granted on June 8, 2016 as a non-recurring, supplemental award and were earned based on the company's achievement of pre-established goals related to the Heartland transaction. Half of the earned synergy units vested February 26, 2018 and the remaining half will vest on February 26, 2019.
- F4Represents the disposition of shares to the company to cover taxes on the vesting of awards.
- F5Shares 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.
- F6Represents unvested options to purchase shares of common stock, which were granted to the reporting person as compensation. The stock options will vest in equal installments in each of the first three anniversaries of the grant date.