SEC Form 4 · accession 0001243716-18-000004
GLOBAL INDUSTRIAL Co · GIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Dooley
Officer — President, Industrial Prod GRP
Period of report
Dec 13, 2018
Accepted (ET)
Dec 17, 2018 · 4:20 pm EST
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 | Dec 13, 2018 | M | 25,000 | $18.73 | A | 111,380 | D | |
| Common StockF2 | Dec 13, 2018 | S | 25,000 | $31.00 | D | 86,380 | D | |
| Common Stock | Dec 14, 2018 | M | 4,652 | $18.73 | A | 91,032 | D | |
| Common StockF4,F2 | Dec 14, 2018 | S | 4,652 | $30.33 | D | 86,380 | 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)F5 | $18.73 | Dec 13, 2018 | M | 25,000 | D | — | Mar 1, 2022 | Common Stock | 25,000 | 25,000 | D |
| Employee Stock Option (right to buy)F5 | $18.73 | Dec 14, 2018 | M | 4,652 | D | — | Mar 1, 2022 | Common Stock | 4,652 | 20,348 | D |
Explanation of responses
- F1Cashless exercise of 25,000 options and immediate sale of 25,000 shares of common stock through broker of an award granted on March 1, 2012.
- F2The amount of non-derivative securities beneficially owned following the transaction on Table I is 86,380, which includes 20,000 unvested Restricted Stock Units that were granted on March 1, 2012 and 66,380 shares of common stock.
- F3Cashless exercise of 4,652 options and immediate sale of 4,652 shares of common stock through broker of an award granted on March 1, 2012.
- F4This transaction was executed in multiple trades at prices ranging from $30.30 to $30.46. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F5The 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 1, 2012