SEC Form 4 · accession 0001718653-18-000004
GLOBAL INDUSTRIAL Co · GIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Kipe
Officer — SVP & Chief Operations Officer
Period of report
Oct 2, 2018
Accepted (ET)
Oct 4, 2018 · 5:27 pm EDT
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 | Oct 2, 2018 | A | 5,117 | $0.00 | A | 5,974 | 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 | $31.66 | Oct 2, 2018 | A | 17,550 | A | — | Oct 2, 2028 | Common Stock | 17,550 | 17,550 | D |
Explanation of responses
- F1On October 2, 2018, the reporting person was granted 5,117 restricted stock units pursuant to the Company's 2010 Long Term Incentive Plan, which vest in four installments: 1,280 shares on October 2, 2019, 1,279 shares on October 2, 2020, 1,279 shares on October 2, 2021 and 1,279 shares on October 2, 2022.
- F2On October 2, 2018, the reporting person was granted 17,550 stock options pursuant to the Company's 2010 Long Term Incentive Plan, which vest over three years in equal installments of 5,850, starting on February 1, 2020 based on the achievement of a minimum adjusted operating income as determined in a manner consistent with the methods used in the Issuer's regular reports on Form 10K and Form 10Q.