SEC Form 4 · accession 0001183084-18-000084
GLOBE LIFE INC. · GL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Shane Henrie
Other
Period of report
Feb 26, 2018
Accepted (ET)
Feb 28, 2018 · 3:54 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 26, 2018 | M | 7,500 | $50.64 | A | 7,500 | D | |
| Common StockF1,F2 | Feb 26, 2018 | S | 7,500 | $87.3297 | D | 0 | D | |
| Common Stock | Feb 26, 2018 | M | 7,500 | $53.61 | A | 7,500 | D | |
| Common StockF1,F2 | Feb 26, 2018 | S | 7,500 | $87.3297 | D | 0 | D | |
| Common StockF3 | holding | — | — | — | 67 | 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 | $50.64 | Feb 26, 2018 | M | 7,500 | D | Feb 24, 2019 | Feb 24, 2023 | Common Stock | 7,500 | 7,500 | D |
| Employee Stock Option (Right to Buy) | $53.61 | Feb 26, 2018 | M | 7,500 | D | Feb 25, 2018 | Feb 25, 2022 | Common Stock | 7,500 | 0 | D |
| Employee Stock Option (Right to Buy)F5 | $87.60 | Feb 26, 2018 | A | 12,900 | A | — | Feb 26, 2028 | Common Stock | 12,900 | 12,900 | D |
Explanation of responses
- F1sales at prices ranging from $87.22 per share to $87.47 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 $87.60 per share.
- F4First exercisable as to 50% of shares 2-24-18 and as to remaining 50% of shares 2-24-19.
- F5First exercisable as to 25% of shares 2/26/20, an additional 25% of shares 2/26/21, an additional 25% of shares 2/26/22 and an additional 25% of shares 2/26/23.