SEC Form 4 · accession 0001243729-19-000002
GLOBAL INDUSTRIAL Co · GIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Rosenthal
Director
Period of report
Jan 17, 2019
Accepted (ET)
Jan 22, 2019 · 4:49 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $7.85 | Jan 17, 2019 | D | 10,000 | D | — | Oct 31, 2026 | Common Stock | 10,000 | 0 | D |
| Stock Option (right to buy)F2 | $5.55 | Jan 17, 2019 | A | 10,000 | A | — | Oct 31, 2026 | Common Stock | 10,000 | 10,000 | 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 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 Stock Option (right to buy). The Option Repricing was related to a special dividend declared in December 2018.
- F2The Stock Option (right to buy) granted on October 31, 2016 vested in three installments: 3,334 shares on October 31, 2017; 3,333 shares on October 31, 2018 and 3,333 shares October 31, 2019.