SEC Form 4 · accession 0001183084-17-000113
GLOBE LIFE INC. · GL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ben Lutek
Officer — Exec. VP & Chief Actuary
Period of report
Apr 24, 2017
Accepted (ET)
Apr 24, 2017 · 7:02 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 | Apr 24, 2017 | M | 26,250 | $30.3267 | A | 30,550 | D | |
| Common StockF1,F2 | Apr 24, 2017 | S | 26,250 | $77.0347 | D | 4,300 | D | |
| Common Stock | holding | — | — | — | 42,425 | I | Family Living 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)F3 | $30.3267 | Apr 24, 2017 | M | 26,250 | D | Jan 23, 2015 | Jan 23, 2019 | Common Stock | 26,250 | 0 | D |
Explanation of responses
- F1sales at prices ranging from $76.79 per share to $77.38 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 26,250 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.