SEC Form 4 · accession 0001183084-17-000077
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
Feb 21, 2017
Accepted (ET)
Feb 23, 2017 · 3:05 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 | Feb 21, 2017 | A | 26,644 | $0.00 | A | 508,342 | D | |
| Common StockF1 | holding | — | — | — | 45,204 | 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)F2 | $77.26 | Feb 21, 2017 | A | 150,000 | A | — | Feb 21, 2024 | Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F1Shares in unitized fund in employee benefit plan - estimated conversion of $ balance 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.