SEC Form 4 · accession 0001183084-16-000304
GLOBE LIFE INC. · GL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry M Hutchison
Officer — Co-Chaiman & CEO · Director
Period of report
Feb 24, 2016
Accepted (ET)
Feb 26, 2016 · 2:22 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 24, 2016 | A | 40,774 | $0.00 | A | 503,456 | D | |
| Common Stock | Feb 24, 2016 | F | 1,370 | $54.60 | D | 502,086 | D | |
| Common StockF1 | holding | — | — | — | 44,975 | 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 | $50.64 | Feb 24, 2016 | A | 125,000 | A | — | Feb 24, 2026 | Common Stock | 125,000 | 125,000 | D |
Explanation of responses
- F1Shares in unitized fund in employee benefit plan - estimated conversion of $ balance using $50.64 per share.
- F2First exercisable as to 25% of shares 2-24-18, 25% of shares 2-24-19, 25% of shares 2-24-20 and 25% of shares 2-24-21.