SEC Form 4 · accession 0001243716-19-000002

GLOBAL INDUSTRIAL Co · GIC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President, Industrial Prod GRP

Period of report

Jan 17, 2019

Accepted (ET)

Jan 22, 2019 · 8:45 am EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000945114

Table I — non-derivative securities

No Table I lines on this filing.

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	$18.73	Jan 17, 2019	D	20,348	D	—	Mar 1, 2022	Common Stock	20,348	0	D
Employee Stock Option (right to buy)^F2	$16.43	Jan 17, 2019	A	20,348	A	—	Mar 1, 2022	Common Stock	20,348	20,348	D
Employee Stock Option (right to buy)^F3	$8.31	Jan 17, 2019	D	25,000	D	—	Feb 1, 2026	Common Stock	25,000	0	D
Employee Stock Option (right to buy)^F3	$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)^F4	$8.95	Jan 17, 2019	D	37,500	D	—	Dec 14, 2026	Common Stock	37,500	0	D
Employee Stock Option (right to buy)^F4	$6.65	Jan 17, 2019	A	37,500	A	—	Dec 14, 2026	Common Stock	37,500	37,500	D
Employee Stock Option (right to buy)^F5	$23.72	Jan 17, 2019	A	31,789	A	—	Jan 17, 2029	Common Stock	31,789	31,789	D

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 Employee Stock Option (right to buy) granted on March 1, 2012 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 Employee Stock Option (right to buy) 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.
F4The Employee Stock Option (right to buy) 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.
F5The Employee Stock Option (right to buy) granted on January 17, 2019 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.