SEC Form 4 · accession 0001183084-16-000413
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
Aug 9, 2016
Accepted (ET)
Aug 10, 2016 · 11:51 am 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 | Aug 9, 2016 | M | 5,062 | $29.5912 | A | 9,462 | D | |
| Common Stock | Aug 9, 2016 | M | 1,500 | $37.40 | A | 10,962 | D | |
| Common StockF1,F2 | Aug 9, 2016 | S | 5,075 | $61.8933 | D | 5,887 | 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 | Aug 9, 2016 | M | 1,500 | D | Feb 27, 2016 | Feb 27, 2020 | Common Stock | 1,500 | 3,500 | D |
| Employee Stock Option (right to buy)F4 | $29.5912 | Aug 9, 2016 | M | 5,062 | D | Apr 28, 2016 | Apr 28, 2021 | Common Stock | 5,062 | 0 | D |
Explanation of responses
- F1sales at prices ranging from $61.88 per share to $61.92 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.
- F4Previously reported as option for 4,500 shares at an exercise price of $66.58 per share, but has been adjusted to reflect 3-for-2 stock splits paid in the form of 50% stock dividends occuring on July 1, 2011 and July 1, 2014.