SEC Form 4 · accession 0001183084-17-000072
GLOBE LIFE INC. · GL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger C Smith
Other
Period of report
Feb 21, 2017
Accepted (ET)
Feb 23, 2017 · 2:41 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 StockF4 | Feb 21, 2017 | F | 329 | $77.26 | D | 27,863 | D | |
| Common Stock | Feb 21, 2017 | A | 12,788 | $0.00 | A | 40,651 | D | |
| Common StockF5 | Feb 21, 2017 | F | 4,966 | $77.26 | D | 35,685 | D | |
| Common Stock | Feb 22, 2017 | M | 22,500 | $29.5912 | A | 58,185 | D | |
| Common StockF3 | Feb 22, 2017 | S | 22,500 | $77.2852 | D | 35,685 | D | |
| Common StockF1 | holding | — | — | — | 2,738 | 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 Options (Right to Buy)F2 | $77.26 | Feb 21, 2017 | A | 115,000 | A | — | Feb 21, 2024 | Common Stock | 115,000 | 115,000 | D |
| Employee Stock Options (Right to Buy) | $29.5912 | Feb 22, 2017 | M | 22,500 | D | Apr 28, 2014 | Apr 28, 2018 | Common Stock | 22,500 | 0 | D |
Explanation of responses
- F1Shares in unitized fund in employee benefit plan - estimated conversion of $ balance to shares using $77.26 per share.
- F2First exercisable as to 50% of shares 2-21-19 and as to remaining 50% of shares 2-21-20.
- F3sales at prices ranging from $77.16 per share to $77.47 per share.
- F4Shares surrendered in payment of withholding taxes upon vesting of restricted stock.
- F5Shares surrendered in payment of withholding taxes upon issuance of performance shares.