SEC Form 4 · accession 0001183084-16-000434
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
Oct 27, 2016
Accepted (ET)
Oct 31, 2016 · 2:21 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 | Oct 27, 2016 | M | 37,500 | $20.5823 | A | 519,198 | D | |
| Common StockF1,F2 | Oct 27, 2016 | S | 37,500 | $63.2651 | D | 481,698 | D | |
| Common StockF3 | holding | — | — | — | 45,264 | 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)F4 | $20.5823 | Oct 27, 2016 | M | 37,500 | D | Feb 25, 2013 | Feb 25, 2017 | Common Stock | 37,500 | 0 | D |
Explanation of responses
- F1sales at prices ranging from $63.09 per share to $63.46 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.
- F3Shares in unitized fund in employee benefit plan - estimated conversion of $ balance using $63.37 per share.
- F4Previously reported as option for 50,000 shares at an exercise price of $46.31 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.