SEC Form 4 · accession 0001140361-16-057360
GLOBAL INDUSTRIAL Co · GIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Lawrence P Reinhold
Officer — President, CEO & CFO · Director
Period of report
Feb 1, 2016
Accepted (ET)
Mar 10, 2016 · 5:35 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000945114
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 1, 2016 | A | 50,000 | $0.00 | A | 299,083 | D |
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 | $8.70 | Feb 1, 2016 | A | 50,000 | A | — | Feb 1, 2026 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1The reporting person was granted 50,000 restricted stock units pursuant to the Company's 2010 Long Term Incentive Plan, which vest in three installments: 16,667 shares on February 1, 2017; 16,667 shares on February 1, 2018 and 16,666 shares February 1, 2019.
- F2The amount owned as of this date, includes the February 1, 2016 grant of 50,000 Restricted Stock Units (50,000 remain unvested), the November 14, 2011 grant of 100,000 Restricted Stock Units (60,000 remain unvested), the August 25, 2010 grant of 175,000 Restricted Stock Units (87,500 remain unvested) and 101,583 shares of common stock.
- F3The options vest over a period of four years with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date.