David C. Paul - Dec 5, 2023 Form 4 Insider Report for GLOBUS MEDICAL INC (GMED)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Kelly G. Huller, Attorney-in-Fact
Stock symbol
GMED
Transactions as of
Dec 5, 2023
Transactions value $
$0
Form type
4
Date filed
12/7/2023, 05:06 PM
Previous filing
Feb 27, 2023
Next filing
Jan 30, 2024

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 GMED Class B Common Stock Gift $0 -342K -1.64% $0.00 20.5M Dec 5, 2023 Class A Common Stock 342K Direct F1, F2
transaction GMED Class B Common Stock Gift $0 +171K $0.00 171K Dec 5, 2023 Class A Common Stock 171K By The David C. Paul Children's Trust F1, F2, F3
transaction GMED Class B Common Stock Gift $0 +171K $0.00 171K Dec 5, 2023 Class A Common Stock 171K By The Sonali Paul Children's Irrevocable Trust F1, F2, F4
holding GMED Class B Common Stock 1.56M Dec 5, 2023 Class A Common Stock 1.56M By Paul Family Irrevocable Trust U/A 4/6/10 F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 From the date of acquisition, the Company's Class B Common Stock converts into the Company's Class A Common Stock on a one-for-one basis (i) at the option of the holder, (ii) upon certain transfers, (iii) upon the closing of the Company's initial public offering if at that time the Company's Class B Common Stock that the holder beneficially owns is less than 10% of the aggregate number of all outstanding shares of the Company's common stock, and (iv) immediately if, at any time following the initial public offering of the Company's common stock, the Company's Class B Common Stock that the holder beneficially owns represents less than 5% of all outstanding shares of the Company's common stock.
F2 This transaction involved a gift by the reporting person and his spouse of a total of 342,200 shares of Class B Common Stock to trusts for the benefit of their children.
F3 These shares are held in a trust for the benefit of a child of the reporting person. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F4 These shares are held in a trust for the benefit of a child of the reporting person. The reporting person is trustee of the trust.
F5 These shares are held in a trust for the benefit of the reporting person's spouse and children. The reporting person's spouse is trustee of the trust.