SILBERSTEIN ALAN M 4
4 · GLOBAL PAYMENTS INC · Filed Mar 15, 2019
Insider Transaction Report
Form 4
SILBERSTEIN ALAN M
Director
Transactions
- Gift
Common Stock
2019-03-13−3,100→ 41,755 total - Exercise/Conversion
Non-qualified Stock Option (Right to Buy)
2019-03-13−10,980→ 0 totalExercise: $23.08Exp: 2019-10-01→ Common Stock (10,980 underlying) - Exercise/Conversion
Common Stock
2019-03-13$23.08/sh+10,980$253,418→ 51,049 total - Tax Payment
Common Stock
2019-03-13$132.15/sh−1,918$253,464→ 49,131 total - Sale
Common Stock
2019-03-13$132.43/sh−4,276$566,271→ 44,855 total - Sale
Common Stock
2019-03-14$132.78/sh−700$92,946→ 41,055 total
Footnotes (5)
- [F1]Represents forfeitures in connection with a "net exercise" of outstanding stock options. There were no open market sales of the shares by the reporting person. A total of 1,918 shares were withheld by Global Payments Inc. (the "Company") for payment of the exercise price, and the net exercise resulted in the issuance of 9,062 shares by the Company to the reporting person.
- [F2]The exercise price reflects the price of the Company's common stock when the transaction occurred.
- [F3]Shares were transferred without consideration.
- [F4]These shares were sold pursuant to a Rule 10b5-1 plan executed by the reporting person when he was not in possession of material non-public information.
- [F5]This grant became exercisable in 25% increments on the first (October 1, 2010), second (October 1, 2011), third (October 1, 2012), and fourth (October 1, 2013) anniversary of the grant date.