SEC Form 4 · accession 0001127602-18-009347
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 27, 2018
Accepted (ET)
Mar 1, 2018 · 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 27, 2018 | M | 12,500 | $21.89 | A | 56,193 | D | |
| Common StockF2 | Feb 27, 2018 | F | 2,396 | $114.20 | D | 53,797 | D | |
| Common StockF3 | Feb 27, 2018 | G | 2,000 | — | D | 51,797 | 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)F4 | $21.89 | Feb 27, 2018 | M | 12,500 | D | — | Sep 29, 2018 | Common Stock | 12,500 | 0 | D |
Explanation of responses
- F1Represents forfeitures in connection with a "net exercise" of outstanding stock options. There were no open market sales of the shares by the reporting person. A total of 2,396 shares were withheld by Global Payments Inc. (the "Company") for payment of the exercise price, and the net exercises resulted in the issuance of 10,104 shares, in the aggregate, by the Company to the reporting person.
- F2Closing price of the Company's common stock on the transaction date.
- F3Shares were transferred without consideration.
- F4This grant became exercisable in 25% increments on the first (September 29, 2009), second (September 29, 2010), third (September 29, 2011) and fourth (September 29, 2012) anniversary of the grant date.