SEC Form 4 · accession 0001140361-17-033933
GLOBAL INDUSTRIAL Co · GIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Axmacher
Officer — VP & Controller
Period of report
Aug 29, 2017
Accepted (ET)
Aug 31, 2017 · 12:47 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 29, 2017 | M | 2,211 | $12.69 | A | 3,211 | D | |
| Common Stock | Aug 29, 2017 | S | 2,211 | $24.50 | D | 1,000 | D | |
| Common Stock | Aug 29, 2017 | M | 675 | $8.31 | A | 1,675 | D | |
| Common Stock | Aug 29, 2017 | S | 675 | $24.54 | D | 1,000 | 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 OptionF3 | $12.69 | Aug 29, 2017 | M | 2,211 | D | — | Mar 18, 2021 | Common Stock | 2,211 | 10,000 | D |
| Employee Stock OptionF4 | $8.31 | Aug 29, 2017 | M | 675 | D | — | Mar 1, 2022 | Common Stock | 675 | 9,325 | D |
Explanation of responses
- F1Cashless exercise of 2,211 options and immediate sale of 2,211 shares of common stock through broker of an award granted on March 18, 2011.
- F2Cashless exercise of 675 options and immediate sale of 675 shares of common stock through broker of an award granted on February 1, 2016.
- 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, which is March 18, 2011.
- F4The 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 February 1, 2016.