SEC Form 4/A · accession 0001140361-16-060562
GLOBAL INDUSTRIAL Co · GIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Eric Lerner
Officer — Senior VP & General Counsel
Period of report
Feb 1, 2016
Accepted (ET)
Apr 7, 2016 · 5:04 pm EDT
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 | Feb 1, 2016 | A | 25,000 | $0.00 | A | 25,000 | 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)F2,F3 | $8.31 | Feb 1, 2016 | A | 25,000 | A | — | Feb 1, 2026 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1The reporting person was granted 25,000 restricted stock units pursuant to the Company's 2010 Long Term Incentive Plan, which vest in three installments: 8,334 shares on February 1, 2017; 8,333 shares on February 1, 2018 and 8,333 shares February 1, 2019..
- F2This Form 4 is being amended solely to correct the exercise price of the options noted in Table II.
- 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.