SEC Form 4 · accession 0001183084-15-000070
GLOBE LIFE INC. · GL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Clay Majors
Other
Period of report
Feb 13, 2015
Accepted (ET)
Feb 17, 2015 · 2:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000320335
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 13, 2015 | M | 2,000 | $30.3267 | A | 2,375 | D | |
| Common Stock | Feb 13, 2015 | S | 2,000 | $53.915 | D | 375 | D | |
| Common Stock | holding | — | — | — | 0 | I | N/A |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $30.3267 | Feb 13, 2015 | M | 2,000 | D | Jan 23, 2015 | Jan 23, 2022 | Common Stock | 2,000 | 4,750 | D |
Explanation of responses
- F1On July 1, 2014, Torchmark Corporation paid a 3-for-2 stock split in the form of a 50% stock dividend on its common stock, resulting in reporting person's ownership of 125 additional common shares.
- F2Previously reported as option for 6,000 shares at an exercise price of $45.49 per share, but was adjusted to reflect 3-for-2 stock split paid in the form of 50% stock dividend occuring on July 1, 2014.