SEC Form 4 · accession 0001713754-19-000003
GLOBAL INDUSTRIAL Co · GIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barry Litwin
Officer — Chief Executive Officer · Director
Period of report
Jan 7, 2019
Accepted (ET)
Jan 8, 2019 · 4:22 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 7, 2019 | A | 30,251 | $0.00 | A | 33,618 | 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 Option (right to buy)F2 | $23.14 | Jan 7, 2019 | A | 100,000 | A | — | Jan 7, 2027 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1On January 7, 2019, the reporting person was granted 30,251 restricted stock units pursuant to the Company's 2010 Long Term Incentive Plan, which vest in five installments: 6,051 units on January 7, 2020; 6,050 units on January 7, 2021; 6,050 units on January 7, 2022; 6,050 units on January 7, 2023; and 6,050 units on January 7, 2024.
- F2On January 7, 2019, the reporting person was granted 100,000 stock options pursuant to the Company's 2010 Long Term Incentive Plan, which vest as follows: 20% of the stock options will vest on the first anniversary of the grant date, 20% will vest on the 2nd anniversary and 10% will vest on each subsequent anniversary of the grant date.