SEC Form 4 · accession 0001628280-18-000272
GLOBAL INDUSTRIAL Co · GIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Axmacher
Officer — VP & Controller
Period of report
Jan 5, 2018
Accepted (ET)
Jan 9, 2018 · 8:36 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 | 3,675 | $12.69 | A | 5,004 | D | |
| Common StockF1 | Jan 8, 2018 | F | 928 | $31.52 | D | 5,004 | D | |
| Common StockF1 | Jan 5, 2018 | M | 1,825 | $8.31 | A | 5,004 | D | |
| Common StockF1 | Jan 8, 2018 | F | 568 | $31.52 | D | 5,004 | 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 | $12.69 | Jan 5, 2018 | M | 3,675 | D | — | Mar 18, 2021 | Common Stock | 3,675 | 6,325 | D |
| Employee Stock OptionF4 | $8.31 | Jan 5, 2018 | M | 1,825 | D | — | Feb 1, 2026 | Common Stock | 1,825 | 7,500 | D |
Explanation of responses
- F1The amount of common stock owned following all transactions reported on Table I is 5,004.
- 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 18, 2011.
- F4The 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 February 1, 2016.