SEC Form 4 · accession 0001209191-18-052374

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

Sep 24, 2018

Accepted (ET)

Sep 26, 2018 · 8:15 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001237831

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Class A Common Stock^F2	Sep 24, 2018	S	605,871	$54.0126	D	0	D
Class A Common Stock^F3,F4	Sep 24, 2018	C	298,647	$0.00	A	298,647	I	By David C. Paul Children's Trust
Class A Common Stock^F2,F4	Sep 24, 2018	S	298,647	$54.0126	D	0	I	By David C. Paul Children's Trust
Class A Common Stock^F3,F5	Sep 24, 2018	C	298,647	$0.00	A	298,647	I	By Sonali Paul Children's Trust
Class A Common Stock^F2,F5	Sep 24, 2018	S	298,647	$54.0126	D	0	I	By Sonali Paul Children's Trust
Class A Common Stock^F3	Sep 24, 2018	C	101,320	$0.00	A	101,320	D
Class A Common Stock^F2	Sep 24, 2018	S	101,320	$54.0126	D	0	D
Class A Common Stock^F3	Sep 25, 2018	C	748,845	$0.00	A	748,845	D
Class A Common Stock^F6	Sep 25, 2018	S	748,845	$54.6964	D	0	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Class B Common Stock^F7,F3,F4	—	Sep 24, 2018	C	298,647	D	—	—	Class A Common Stock	298,647	0	I
Class B Common Stock^F7,F3,F5	—	Sep 24, 2018	C	298,647	D	—	—	Class A Common Stock	298,647	0	I
Class B Common Stock^F7,F3	—	Sep 24, 2018	C	101,320	D	—	—	Class A Common Stock	101,320	21,616,369	D
Class B Common Stock^F7,F3	—	Sep 25, 2018	C	748,845	D	—	—	Class A Common Stock	748,845	20,867,524	D
Class B Common Stock^F7,F8	—	holding	—	—	—	—	—	Class A Common Stock	1,562,573	1,562,573	I

Explanation of responses

F1This sale was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person.
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.00 to $54.26, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
F3The Company's Class B Common Stock converted into the Company's Class A Common Stock on a one-for-one basis at the election of the reporting person and has no expiration date.
F4These 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.
F5These shares are held in a trust for the benefit of a child of the reporting person. The reporting person is trustee of the trust.
F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.00 to $55.00, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (6) to this Form 4.
F7From 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.
F8These 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.