Statement of Changes in Beneficial Ownership (4)
February 25 2020 - 4:37PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
SVOBODA FRANK M |
2. Issuer Name and Ticker or Trading Symbol
GLOBE LIFE INC.
[
GL
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP & CFO |
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(Last)
(First)
(Middle)
GLOBE LIFE INC., 3700 SOUTH STONEBRIDGE DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/21/2020 |
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(Street)
MCKINNEY, TX 75070
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 2/21/2020 | | M | | 8750 | A | $50.6934 | 8750 | D | |
| Common Stock | 2/21/2020 | | S | | 8750 | D | $109.9484 (1)(2) | 0 | D | |
| Common Stock | | | | | | | | 106533 | I | Family Trust |
| Common Stock | | | | | | | | 1827 (3) | I | Thrift Plan Trust |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Employee Stock Option (Right to Buy) | $50.6934 (4) | 2/21/2020 | | M | | | 8750 (4) | 2/24/2017 | 2/24/2021 | Common Stock | 8750 | $0 | 0 | D | |
| Explanation of Responses: |
| (1) | Sales at prices ranging from $109.63 per share to $110.24 per share. |
| (2) | Reporting person will provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the issuer or any security holder of the issuer. |
| (3) | Shares in unitized fund in employee benefit plan - estimated conversion of $ balance using $106.67 per share. |
| (4) | Previously reported as option for 40,000 shares at an exercise price of $76.04 per share, but was adjusted to reflect 3-for-2 stock split paid in the form of 50% stock dividend occuring on July 1, 2014. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
SVOBODA FRANK M
GLOBE LIFE INC.
3700 SOUTH STONEBRIDGE DRIVE
MCKINNEY, TX 75070 |
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| EVP & CFO |
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Signatures
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| Frank M. Svoboda, By: /s/ Chris T. Moore, Attorney-in-fact | | 2/25/2020 |
| **Signature of Reporting Person | Date |
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