SEC Form 4 · accession 0001183084-16-000366
GLOBE LIFE INC. · GL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Clay Majors
Officer — VP & Dir Investor Relations
Period of report
May 23, 2016
Accepted (ET)
May 23, 2016 · 3:25 pm EDT
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 | May 23, 2016 | M | 10,000 | $37.40 | A | 11,175 | D | |
| Common StockF1,F2 | May 23, 2016 | S | 7,325 | $59.3995 | D | 4,400 | 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)F3 | $37.40 | May 23, 2016 | M | 10,000 | D | Feb 27, 2016 | Feb 27, 2020 | Common Stock | 10,000 | 5,000 | D |
Explanation of responses
- F1sales at prices ranging from $59.3662 per share to $59.4284 per share.
- F2Reporting person will provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the issuer or any security holder of the issuer.
- F3Previously reported as option for 10,000 shares at an exercise price of $56.10 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.