SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
WOODS M TROY
(Last) (First) (Middle)
3550 LENOX ROAD
(Street)
ATLANTA GA 30326
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GLOBAL PAYMENTS INC [ GPN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/13/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 02/13/2020 F(1) 1,751 D $202.73 406,330 D
Common Stock 02/14/2020 M 37,548 A $54.91 443,878 D
Common Stock 02/14/2020 M 79,239 A $67.24 523,117 D
Common Stock 02/14/2020 M 36,149 A $107.5 559,266 D
Common Stock 02/14/2020 M 22,916 A $113.48 582,182 D
Common Stock 02/14/2020 S 175,852 D $205.29(2) 406,330 D
Common Stock 32,098 I Family Trust
Common Stock 81,010 I Grant retained annuity trust 12 2018
Common Stock 49,013 I Grant retained annuity trust 4 2018
Common Stock 1,766 I Spouse
Common Stock 10,385 I Trust
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 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: 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
Non-qualified Stock Option (Right to Buy) $54.91 02/14/2020 M 37,548 09/17/2019 02/25/2026 Common Stock 37,548 $0 0 D
Non-qualified Stock Option (Right to Buy) $67.24 02/14/2020 M 79,239 (3) 02/16/2027 Common Stock 79,239 $0 39,029 D
Non-qualified Stock Option (Right to Buy) $107.5 02/14/2020 M 36,149 (4) 02/15/2028 Common Stock 36,149 $0 73,396 D
Non-qualified Stock Option (Right to Buy) $113.48 02/14/2020 M 22,916 (5) 02/12/2029 Common Stock 22,916 $0 46,528 D
Explanation of Responses:
1. Represents the disposition of shares to the company to cover taxes on the vesting of awards.
2. Reflects the weighted average sale price. The range of prices for such transaction is $205.20 to $205.31. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
3. 79,239 of these options were fully vested and exercisable upon completion of the merger with TSYS. The remaining options are exercisable on February 17, 2020.
4. 36,149 of these options were fully vested and exercisable upon completion of the merger with TSYS. The remaining options are exercisable in equal annual installments on February 16, 2020 and February 16, 2021.
5. 23,148 of these options were fully vested and exercisable at 2/13/2020. The remaining options will become exercisable in equal annual installments on February 13, 2021 and February 13, 2022.
/s/ David L. Green, attorney-in-fact for Troy M. Woods 02/18/2020
** Signature of Reporting Person 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.