Sec Form 4 Filing - Varty Nikhil M @ SERVICEMASTER GLOBAL HOLDINGS INC - 2018-10-01

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Varty Nikhil M
2. Issuer Name and Ticker or Trading Symbol
SERVICEMASTER GLOBAL HOLDINGS INC [ SERV]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
150 PEABODY PLACE
3. Date of Earliest Transaction (MM/DD/YY)
10/01/2018
(Street)
MEMPHIS, TN38103
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 10/01/2018 M 52,521 ( 1 ) A 64,375 D
Common Stock 10/01/2018 F 21,412 ( 2 ) D $ 40.6007 ( 3 ) 42,963 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Performance Restricted Stock Units ( 1 ) 10/01/2018 M 52,521 ( 1 ) ( 1 ) ( 1 ) Common Stock 52,521 ( 1 ) ( 1 ) 0 D
Restricted Stock Units ( 4 ) ( 5 ) 02/18/2018 J V 47,216 ( 4 ) ( 5 ) ( 4 )( 5 ) ( 4 )( 5 ) Common Stock 47,216 ( 4 ) ( 5 ) 47,216 D
Employee Stock Options (Right To Buy) $ 28.56 ( 4 ) 07/26/2017 J V 148,049 ( 4 ) ( 4 )( 6 ) ( 4 )( 6 ) Common Stock 148,049 ( 4 ) ( 4 ) ( 6 ) 148,049 ( 4 ) D
Employee Stock Options (Right To Buy) $ 37.07 ( 4 ) 02/18/2018 J V 145,459 ( 4 ) ( 4 )( 7 ) ( 4 )( 7 ) Common Stock 145,459 ( 4 ) ( 4 ) ( 7 ) 145,459 ( 4 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Varty Nikhil M
150 PEABODY PLACE
MEMPHIS, TN38103
X Chief Executive Officer
Signatures
Dirk R. Gardner, Attorney In Fact for Nikhil M. Varty 10/03/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The executive was originally granted 35,562 shares of Performance Restricted Stock Units on July 26, 2017 in connection with the proposed spin-off of the American Home Shield business. Upon the completion of the spin-off on October 1, 2018, the executive's Performance Restricted Stock units were all adjusted in connection with the spin-off based on the closing price of ServiceMaster's stock on September 28, 2018 and the opening price of ServiceMaster's stock on October 1, 2018. These Performance Restricted Share Units settled in SERV common stock on October 1, 2018.
( 2 )The reporting person is reporting the sale of shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the vesting and delivery of shares.
( 3 )The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.48-$40.76, inclusive. The reporting person undertakes to provide ServiceMaster, any security holder of ServiceMaster, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
( 4 )The number of RSU(s), stock options and the exercise price for the stock options were all adjusted in connection with the spin-off based on the closing price of ServiceMaster's stock on September 28, 2018 and the opening price of ServiceMaster's stock on October 1, 2018.
( 5 )Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted on February 18, 2018, and vested and settled in three equal installments on the first three anniversaries of the grant date, subject to the executive's continued employment with the Company.
( 6 )The stock options were granted on July 26, 2017, and vest and become exercisable in four equal installments on the first anniversary of the grant date, subject to continued employment.
( 7 )The stock options were granted on February 18, 2018, and vest and become exercisable in four equal installments of the first anniversary of the grant date, subject to continued employment.

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