GLOBAL INDUSTRIAL Co — Director's Dealing 2018

Aug 7, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYSTEMAX INC (SYX)
CIK: 0000945114
Period of Report: 2018-08-03

Reporting Person: Clark Thomas Eugene (Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-03	Common Stock	M	5000	$16.63	Acquired	18534	Direct
2018-08-03	Common Stock	M	5000	$18.73	Acquired	18534	Direct
2018-08-03	Common Stock	F	7214	$38.96	Disposed	18534	Direct
2018-08-03	Common Stock	D	2786	$38.96	Disposed	18534	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-03	Employee Stock Option (right to buy)	$16.63	M	5000	Disposed	2020-08-09	Common Stock (5000.0)	Direct
2018-08-03	Employee Stock Option (right to buy)	$18.73	M	5000	Disposed	2022-03-01	Common Stock (5000.0)	Direct

Footnotes

F1: Pursuant to the previously disclosed share repurchase program, the Issuer has entered into, with the approval of the Board of Directors, a privately negotiated, arm's length agreement with the filing person to repurchase an aggregate of 10,000 shares (by means of a net cashless exercise of options and net of applicable taxes) at a price equal to $38.96 per share, reflecting a 4% discount to the closing price of the Issuer's common stock on August 2, 2018. 7,214 of such shares were surrendered to the Issuer to satisfy the exercise price of each of the stock options and to satisfy withholding tax obligations and 2,786 of such shares were purchased by the Issuer pursuant to Rule 16b-3(e).

F2: The amount of non-derivative securities beneficially owned following the transaction on Table I is 18,534, which includes 8,333 unvested Restricted Stock Units that were granted on February 1, 2016 and 10,201 shares of common stock.

F3: The options vest over a period of four years with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date, which is August 9, 2010.

F4: The options vest over a period of four years with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date, which is March 1, 2012.