SEC Form 4 · accession 0001183084-15-000099
GLOBE LIFE INC. · GL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenn D Williams
Other
Period of report
Feb 25, 2015
Accepted (ET)
Feb 27, 2015 · 3:40 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 | holding | — | — | — | 91,476 | D | ||
| Common StockF2 | holding | — | — | — | 5,724 | I | Thrift Plan Trust |
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)F3 | $53.61 | Feb 25, 2015 | M | 35,000 | A | — | Feb 25, 2022 | Common Stock | 35,000 | 35,000 | 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 30,492 additional common shares.
- F2Shares in unitized fund in employee benefit plan - estimated conversion of $ balance to shares using $53.61 per share.
- F3First exercisable as to 50% of shares 2-25-17 and as to remaining 50% of shares 2-25-18.