SEC Form 4 · accession 0001209191-18-005088
GLOBUS MEDICAL INC · GMED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C Paul
Officer — Executive Chairman · Director · 10% Owner
Period of report
Jan 22, 2018
Accepted (ET)
Jan 24, 2018 · 4:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001237831
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy Class A Common Stock)F1 | $43.77 | Jan 22, 2018 | A | 100,000 | A | — | Jan 22, 2028 | Class A Common Stock | 100,000 | 100,000 | D |
| Class B Common StockF3,F2 | — | holding | — | — | — | — | — | Class A Common Stock | 21,717,689 | 21,717,689 | D |
| Class B Common StockF4,F2 | — | holding | — | — | — | — | — | Class A Common Stock | 1,562,573 | 1,562,573 | I |
| Class B Common StockF5,F2 | — | holding | — | — | — | — | — | Class A Common Stock | 298,647 | 298,647 | I |
| Class B Common StockF6,F2 | — | holding | — | — | — | — | — | Class A Common Stock | 298,647 | 298,647 | I |
Explanation of responses
- F1These options were granted on January 22, 2018, and vest over a four-year period with one-fourth (1/4) of the options granted vesting on January 1, 2019, the first anniversary of the vesting commencement date, and the balance of the options granted vesting ratably on a monthly basis over the following 36 months.
- F2From the date of acquisition, the Company's Class B Common Stock converts into the Company's Class A Common Stock on a one-for-one basis (i) at the option of the holder, (ii) upon certain transfers, (iii) upon the closing of the Company's initial public offering if at that time the Company's Class B Common Stock that the holder beneficially owns is less than 10% of the aggregate number of all outstanding shares of the Company's common stock, and (iv) immediately if, at any time following the initial public offering of the Company's common stock, the Company's Class B Common Stock that the holder beneficially owns represents less than 5% of all outstanding shares of the Company's common stock.
- F3Includes 136,703 shares previously held through the David C. Paul Trust and 136,703 shares previously held through the Sonali Paul Trust which were transferred to the reporting person on June 16, 2017 and are now owned directly.
- F4These shares are held in a trust for the benefit of the reporting person's spouse and children. The reporting person's spouse is trustee of the trust.
- F5These shares are held in a trust for the benefit of a child of the reporting person. The reporting person disclaims beneficial ownership of these securities, 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.
- F6These shares are held in a trust for the benefit of a child of the reporting person. The reporting person is trustee of the trust.