SEC Form 4 · accession 0001628280-18-000271
GLOBAL INDUSTRIAL Co · GIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence P Reinhold
Officer — President & CEO · Director
Period of report
Jan 5, 2018
Accepted (ET)
Jan 9, 2018 · 8:34 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 StockF1 | Jan 5, 2018 | M | 50,000 | $11.51 | A | 190,894 | D | |
| Common StockF1 | Jan 8, 2018 | F | 11,933 | $31.52 | D | 190,894 | 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 | $11.51 | Jan 5, 2018 | M | 50,000 | A | — | Mar 13, 2018 | Common Stock | 50,000 | 0 | D |
Explanation of responses
- F1The amount of securities beneficially owned following all transactions reported on Table I is 190,894 shares of common stock and includes the February 1, 2016 grant of 50,000 Restricted Stock Units (33,333 remain unvested), the November 14, 2011 grant of 100,000 Restricted Stock Units (40,000 remain unvested), the August 25, 2010 grant of 175,000 Restricted Stock Units (52,500 remain unvested) and 65,061 shares of common stock.
- F2Such shares were surrendered to the Company to satisfy withholding tax obligations.
- 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 13, 2008.