SEC Form 4 · accession 0001183084-15-000115
GLOBE LIFE INC. · GL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary L Coleman
Officer — Co-Chairman & CEO · Director
Period of report
Feb 25, 2015
Accepted (ET)
Feb 27, 2015 · 5:33 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 Stock | Feb 25, 2015 | M | 66,027 | $0.00 | A | 596,800 | D | |
| Common Stock | Feb 25, 2015 | F | 12,000 | $53.61 | D | 584,800 | D | |
| Common StockF1 | holding | — | — | — | 57,778 | 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)F2 | $53.61 | Feb 25, 2015 | M | 150,000 | A | — | Feb 25, 2022 | Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F1Shares in unitized fund in employee benefit plan - estimated conversion of $ balance to shares using $53.61 per share.
- F2First exercisable as to 50% of shares 2-25-17 and as to remaining 50% of shares 2-25-18.