Barry Litwin - 23 Nov 2021 Form 4 Insider Report for GLOBAL INDUSTRIAL Co (GIC)

Role: Chief Executive Officer, Director
Signature: /s/ Barry Litwin by April Gruder, Attorney-in-Fact
Issuer symbol: GIC
Transactions as of: 23 Nov 2021
Transactions value $: -$17,043
Form type: 4
Filing time: 26 Nov 2021, 14:20:39 UTC
Previous filing: 09 Jan 2024
Next filing: 11 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GIC	Common Stock	Options Exercise	$18.9K	+817	+1.04%	$23.14	79.1K	23 Nov 2021	Direct
transaction	GIC	Common Stock	Sale	-$35.9K	-817	-1.03%	$44.00	78.3K	23 Nov 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GIC	Employee Stock Option (right to buy)	Options Exercise	$0	-817	-1.02%	$0.00	79.2K	23 Nov 2021	Common Stock	817	$23.14	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The amount of non-derivative securities beneficially owned is 78,311 which includes 18,149 unvested Restricted Stock Units that were granted on January 7, 2019; 21,204 unvested Restricted Stock Units that were granted on January 7, 2020; 18,752 unvested Restricted Stock Units that were granted on January 7, 2021; 3,396 unvested Restricted Stock Units that were granted on February 21, 2021;and 16,810 shares of common stock.
F2	The Employee Stock Option (right to buy) granted on January 7, 2019 have an eight year vesting schedule with 20% vesting on the first anniversary of the grant date, 20% vesting on the on the 2nd anniversary and 10% vesting on each of the third, fourth, fifth, sixth, seventh and eighth anniversary dates of the grant date.

Content

The amount of non-derivative securities beneficially owned is 78,311 which includes 18,149 unvested Restricted Stock Units that were granted on January 7, 2019; 21,204 unvested Restricted Stock Units that were granted on January 7, 2020; 18,752 unvested Restricted Stock Units that were granted on January 7, 2021; 3,396 unvested Restricted Stock Units that were granted on February 21, 2021;and 16,810 shares of common stock.

The Employee Stock Option (right to buy) granted on January 7, 2019 have an eight year vesting schedule with 20% vesting on the first anniversary of the grant date, 20% vesting on the on the 2nd anniversary and 10% vesting on each of the third, fourth, fifth, sixth, seventh and eighth anniversary dates of the grant date.