SEC Form 4 · accession 0001183084-18-000103
GLOBE LIFE INC. · GL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Clay Majors
Officer — VP & Dir Investor Relations
Period of report
Feb 26, 2018
Accepted (ET)
Feb 28, 2018 · 6:55 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 | A | 2,661 | $0.00 | A | 11,921 | D | |
| Common Stock | Feb 26, 2018 | F | 1,046 | $87.60 | D | 10,875 | D | |
| Common Stock | Feb 27, 2018 | M | 9,000 | $53.61 | A | 19,875 | D | |
| Common Stock | Feb 27, 2018 | M | 15,000 | $50.64 | A | 34,875 | D | |
| Common StockF2 | Feb 27, 2018 | S | 21,900 | $87.7049 | D | 12,975 | D | |
| Common Stock | holding | — | — | — | 0 | I | N/A |
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)F1 | $87.60 | Feb 26, 2018 | A | 30,000 | A | — | Feb 26, 2025 | Common Stock | 30,000 | 30,000 | D |
| Employee Stock Option (right to buy) | $53.61 | Feb 27, 2018 | M | 9,000 | D | Feb 25, 2018 | Feb 25, 2022 | Common Stock | 9,000 | 0 | D |
| Employee Stock Option (right to buy) | $50.64 | Feb 27, 2018 | M | 15,000 | D | Feb 24, 2018 | Feb 24, 2023 | Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1First Exercisable as to 50% of shares 2-26-20 and as to remaining 50% of shares 2-26-21.
- F2sales at prices ranging from $87.465 per share to $87.975 per share.