SEC Form 4/A · accession 0001140361-17-033387
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
Barry Litwin
Director
Period of report
Jul 31, 2017
Accepted (ET)
Aug 28, 2017 · 2:59 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 | Jul 31, 2017 | A | 2,108 | $0.00 | A | 2,108 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On July 31, 2017 2017 (the date the reporting person was appointed as a director of Systemax Inc.), the reporting person received 2,108 shares of restricted stock units pursuant to the Company's 2010 Long Term Incentive Plan The number of restricted stock units was determined by dividing $40,000 by the closing price per share during the 20 trading days preceding the date of such appointment (rounded up to the nearest whole number of shares). Such shares are generally subject to forfeiture if the holder is not a director of the Company on June 5, 2019, and can not be sold while so restricted; such restrictions lapse if the holder dies or becomes disabled or there is a change of control, as defined in the grant agreement.
Remarks
This amendment to the Form 4 filed on August 2, 2017 is being made solely to delete the information in Table II thereof.