SEC Form 4 · accession 0001216763-19-000006
GLOBAL INDUSTRIAL Co · GIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence P Reinhold
Director
Period of report
Jan 17, 2019
Accepted (ET)
Jan 22, 2019 · 4:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000945114
Table I — non-derivative securities
No Table I lines on this filing.
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 | $13.19 | Jan 17, 2019 | D | 50,000 | D | — | May 18, 2019 | Common Stock | 50,000 | 0 | D |
| Employee Stock Option (right to buy)F2 | $10.89 | Jan 17, 2019 | A | 50,000 | A | — | May 18, 2019 | Common Stock | 50,000 | 50,000 | D |
| Employee Stock Option (right to buy)F3 | $14.30 | Jan 17, 2019 | D | 50,000 | D | — | Nov 14, 2021 | Common Stock | 50,000 | 0 | D |
| Employee Stock Option (right to buy)F3 | $12.00 | Jan 17, 2019 | A | 50,000 | A | — | Nov 14, 2021 | Common Stock | 50,000 | 50,000 | D |
| Employee Stock Option (right to buy)F4 | $8.31 | Jan 17, 2019 | D | 25,000 | D | — | Feb 1, 2026 | Common Stock | 25,000 | 0 | D |
| Employee Stock Option (right to buy)F4 | $6.01 | Jan 17, 2019 | A | 25,000 | A | — | Feb 1, 2026 | Common Stock | 25,000 | 25,000 | D |
| Employee Stock Option (right to buy)F5 | $8.95 | Jan 17, 2019 | D | 100,000 | D | — | Dec 14, 2026 | Common Stock | 100,000 | 0 | D |
| Employee Stock Option (right to buy)F5 | $6.65 | Jan 17, 2019 | A | 100,000 | A | — | Dec 14, 2026 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1The transactions reported herein reflect a one-time stock option repricing (the "Option Repricing") that became effective on January 17, 2019 and are being reported in this manner solely to comply with the technical reporting requirements under Section 16(a) of the Securities Exchange Act of 1934. Pursuant to the Option Repricing, the exercise price of the Employee Stock Option (right to buy) has been amended to reduce such exercise price by $2.30. There have been no other changes to the terms of the Employee Stock Option (right to buy). The Option Repricing was related to a special dividend declared in December 2018.
- F2The options granted on May 18, 2009 had a four year vesting schedule with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date.
- F3The options granted on November 14, 2011 had a four year vesting schedule with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date.
- F4The options granted on February 1, 2016 had a four year vesting schedule with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date.
- F5The options granted on December 14, 2016 had a four year vesting schedule with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date.