SEC Form 4 · accession 0001689126-19-000001
GLOBAL INDUSTRIAL Co · GIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Eugene Clark
Officer — Vice President & CFO
Period of report
Jan 17, 2019
Accepted (ET)
Jan 22, 2019 · 8:48 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.
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)F2 | $8.31 | Jan 17, 2019 | D | 10,000 | D | — | Feb 1, 2026 | Common Stock | 10,000 | 0 | D |
| Employee Stock Option (right to buy)F2 | $6.01 | Jan 17, 2019 | A | 10,000 | A | — | Feb 1, 2026 | Common Stock | 10,000 | 10,000 | D |
| Employee Stock Option (right to buy)F3 | $8.32 | Jan 17, 2019 | D | 35,000 | D | — | Nov 10, 2026 | Common Stock | 35,000 | 0 | D |
| Employee Stock Option (right to buy)F3 | $6.02 | Jan 17, 2019 | A | 35,000 | A | — | Nov 10, 2026 | Common Stock | 35,000 | 35,000 | D |
| Common StockF4 | $23.72 | Jan 17, 2019 | A | 24,948 | A | — | Jan 17, 2029 | Common Stock | 24,948 | 24,948 | 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 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 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.
- F3The Employee Stock Option (right to buy) granted on November 10, 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 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.