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Filing Details

Accession Number:: 0001243713-21-000003
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-12-16 20:00:56
Reporting Period:: 2021-12-14

Accepted Time:: 2021-12-16 20:00:56
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
945114	Global Industrial Co	GIC	Wholesale-Industrial Machinery & Equipment (5084)	113262067

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1243713	Bruce Leeds	C/O Global Industrial Company 11 Harbor Park Drive Port Washington NY 11050	Vice Chairman	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2021-12-14	4,960,000	$0.00	4,645,802	No	4	G	Indirect	By 2008 Trusts
Common Stock	Acquisiton	2021-12-16	1,084,401	$0.00	1,084,401	No	4	G	Indirect	By 2021 Trusts
Common Stock	Acquisiton	2021-12-16	775,599	$32.37	775,599	No	4	P	Indirect	By 2021 Trusts

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	G	Indirect	By 2008 Trusts
No	4	G	Indirect	By 2021 Trusts
No	4	P	Indirect	By 2021 Trusts

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	3,078,118	Indirect	By Trusts Noted in Footnote No. 6
Common Stock	1,129,938	Indirect	By Trusts Noted in Footnote No. 7
Common Stock	758,383	Indirect	By partnerships
Common Stock	1,414	Indirect	By LLC

Footnotes

These shares were distributed, for no consideration, by each of the Richard Leeds 2008 Family Trust and the Robert Leeds 2008 Family Trust (collectively, the "2008 Trusts") to the beneficiaries of each of the 2008 Trusts, as follows: (i) 620,000 shares to Brandon Leeds, as a beneficiary of the Richard Leeds 2008 Family Trust; (ii) 620,000 shares to Hallie Leeds, as a beneficiary of the Richard Leeds 2008 Family Trust; (iii) 620,000 shares to Jordan Leeds, as a beneficiary of the Richard Leeds 2008 Family Trust; (iv) 620,000 shares to Kasey Leeds, as a beneficiary of the Richard Leeds 2008 Family Trust; (v) 620,000 shares to Andrew Leeds, as a beneficiary of the Robert Leeds 2008 Family Trust; (vi) 620,000 shares to Alex Leeds, as a beneficiary of the Robert Leeds 2008 Family Trust; (vii) 620,000 shares to Jessica Leeds, as a beneficiary of the Robert Leeds 2008 Family Trust; and (viii) 620,000 shares to Matthew Leeds, as a beneficiary of the Robert Leeds 2008 Family Trust.
Shares are owned by each of the 2008 Trusts for the benefit of the reporting person's family, for which the reporting person acts as co-trustee. Mr. Leeds disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
The transaction is the receipt of a gift of shares, as follows: (i) 361,467 shares gifted from Jamie Lynn Meltsner to the Jamie Lynn Meltsner 2021 Trust; (ii) 361,467 shares gifted from Stacey Leeds Cohen to the Stacey Leeds Cohen 2021 Trust; and (iii) 361,467 shares gifted from Steven Leeds to the Steven Leeds 2021 Trust (collectively, all of the trusts described in footnote 3(i)-3(iii), the "2021 Trusts").
Shares are owned by each of the 2021 Trusts for the benefit of the reporting person's family, for which the reporting person acts as co-trustee. Mr. Leeds disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
These shares were purchased as follows: (i) 258,533 shares purchased from Jamie Lynn Meltsner by the Jamie Lynn Meltsner 2021 Trust in exchange for an unsecured promissory note in the amount of $8,368,196.14; (ii) 258,533 shares purchased from from Stacey Leeds Cohen by the Stacey Leeds Cohen 2021 Trust in exchange for an unsecured promissory note in the amount of $8,368,196.14; and (iii) 258,533 shares purchased from Steven Leeds by the Steven Leeds 2021 Trust in exchange for an unsecured promissory note in the amount of $8,368,196.14.
Includes, 1,650,497 shares owned by the Bruce Leeds Declaration of Trust, a trust for the benefit of Mr. Leeds and of which Mr. Leeds is the trustee; 853,243 shares owned by the Bruce Leeds 2020 GRAT #2, a trust for the benefit of Mr. Leeds and of which Mr. Leeds is the trustee; and 574,378 shares owned by the Bruce Leeds 2020 GRAT #2, a trust for the benefit of Mr. Leeds and of which Mr. Leeds is the trustee.
Includes an aggregate of 1,129,938 shares owned by trusts for the benefit of reporting person's family for which Mr. Leeds acts as trustee or co-trustee: 171,976 shares owned by the Richard Leeds 2011 Family Trust; 18,358 shares owned by the Robert Leeds 2011 Family Trust; 439,047 shares owned by the Richard Leeds Irrevocable Trust; 440,557 shares owned by the Robert Leeds Irrevocable Trust; 16,667 shares owned by the Jamie Leeds Trust UA dtd 5/2/2008;16,667 shares owned by the Stacey Leeds Trust UA dtd 7/8/2008;16,666 shares owned by the Steven Leeds Trust UA dtd 5/2/2008; 5,840 shares owned by the Paul Leeds Marital TrU/A DTD 10/24/2006 FBO Roberta Leeds; 2,080 shares owned by the Paul Leeds Gst Tr U/A DTD 10/24/2006 FBO Nancy Leeds; and 2,080 shares owned by the Paul Leeds Gst Tr U/A DTD 10/24/2006 FBO David Leeds. Mr. Leeds disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Includes, 519,800 shares owned by Aspire Partners L.P., the general partner of which is limited liability company equally owned by Mr. Leeds and two other members; and 238,583 shares owned by Generation Partners, L.P., the general partner of which is limited liability company equally owned by Mr. Leeds and two other members. Mr. Leeds disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Shares owned by 2nd Generation Partners LLC, a limited liability company equally owned by Mr. Leeds and two other members. Mr. Leeds disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.