SEC Form 4 · accession 0001140361-17-031139
GLOBAL INDUSTRIAL Co · GIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Manoj Shetty
Officer — Senior VP & Chief Info Officer
Period of report
Aug 8, 2017
Accepted (ET)
Aug 10, 2017 · 4:51 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 Stock | Aug 8, 2017 | M | 5,000 | $19.00 | A | 0 | D | |
| Common Stock | Aug 8, 2017 | S | 5,000 | $23.30 | D | 0 | 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 OptionF2 | $19.00 | Aug 8, 2017 | M | 5,000 | A | — | Aug 9, 2017 | Common Stock | 5,000 | 0 | D |
Explanation of responses
- F1Cashless exercise of 5,000 options and immediate sale of 5,000 shares of common stock through broker of an award granted on 08/09/2007.
- F2The 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, which is August 9, 2007.