Sec Form 4 Filing - Litwin Barry @ GLOBAL INDUSTRIAL Co - 2021-11-23

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
Litwin Barry
2. Issuer Name and Ticker or Trading Symbol
GLOBAL INDUSTRIAL Co [ GIC]
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)
C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
11/23/2021
(Street)
PORT WASHINGTON, NY11050
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 11/23/2021 M 817 A $ 23.14 79,128 D
Common Stock 11/23/2021 S 817 D $ 44 78,311( 1 ) 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
Employee Stock Option (right to buy) $ 23.14 11/23/2021 M 817 ( 2 ) 01/07/2027 Common Stock 817 $ 0 79,183 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Litwin Barry
C/O GLOBAL INDUSTRIAL COMPANY
11 HARBOR PARK DRIVE
PORT WASHINGTON, NY11050
X Chief Executive Officer
Signatures
/s/ Barry Litwin by April Gruder, Attorney-in-Fact 11/26/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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