SEC Form 4 · accession 0001183084-16-000464
GLOBE LIFE INC. · GL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vern D Herbel
Officer — EVP and Chief Admin. Officer
Period of report
Nov 18, 2016
Accepted (ET)
Nov 18, 2016 · 6:08 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 | Nov 18, 2016 | M | 37,500 | $30.3267 | A | 72,505 | D | |
| Common StockF1,F2 | Nov 18, 2016 | S | 37,500 | $69.8895 | D | 35,005 | D | |
| Common Stock | holding | — | — | — | 51,918 | I | Reporting Person's Living Trust | |
| Common Stock | holding | — | — | — | 51,918 | I | Spouse's Living Trust | |
| Common StockF3 | holding | — | — | — | 42,014 | 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 | $30.3267 | Nov 18, 2016 | M | 37,500 | D | Jan 23, 2015 | Jan 23, 2019 | Common Stock | 37,500 | 0 | D |
Explanation of responses
- F1sales at prices ranging from $69.62 per share to $70.39 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 to shares using $70.06 per share.
- F4Previously reported as option for 50,000 shares at an exercise price of $45.49 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.