GLOBAL INDUSTRIAL Co — Director's Dealing 2021

Mar 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYSTEMAX INC (SYX)
CIK: 0000945114
Period of Report: 2021-03-01

Reporting Person: DOOLEY ROBERT (President, Industrial Prod GRP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-01	Common Stock	M	993	$6.01	Acquired	93329	Direct
2021-03-01	Common Stock	S	993	$37.59	Disposed	92336	Direct
2021-03-01	Common Stock	M	10000	$16.43	Acquired	102336	Direct
2021-03-01	Common Stock	S	10000	$37.69	Disposed	92336	Direct
2021-03-01	Common Stock	F	1699	$37.46	Disposed	90637	Direct
2021-03-03	Common Stock	J	561	$18.9125	Acquired	91198	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-01	Employee Stock Option (right to buy)	$6.01	M	993	Disposed	2026-02-01	Common Stock (993.0)	Direct
2021-03-01	Employee Stock Option (right to buy)	$16.43	M	10000	Disposed	2022-03-01	Common Stock (10000.0)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $37.59 to $37.80. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: Shares surrendered for payment of tax liability incident to vesting of the 2012 Restrictive Award.

F3: The reporting person is voluntarily reporting the acquisition of shares of the Issuer's common stock pursuant to the Systemax Inc. Employee Stock Purchase Plan ("ESPP") on March 3, 2021. This transaction is exempt under Rule 16b-3(c).

F4: In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the Issuer's common stock on September 3, 2020.

F5: The amount of non-derivative securities beneficially owned following the reported transactions is 91,198, which includes 5,000 unvested Restricted Stock Units that were granted on March 1, 2012 and 86,198 shares of common stock.

F6: The Employee Stock Option (right to buy) granted on February 1, 2016 have a four year vesting schedule with 25% vesting on the first, second, third and fourth anniversary dates of the grant date.

F7: The Employee Stock Option (right to buy) granted on March 1, 2012 have a four year vesting schedule with 25% vesting on the first, second, third and fourth anniversary dates of the grant date.