GLOBAL PAYMENTS INC — Director's Dealing 2011

Jan 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLOBAL PAYMENTS INC (GPN)
CIK: 0001123360
Period of Report: 2011-01-10

Reporting Person: TRAPP MICHAEL W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-10	Common Stock	M	1226	$16.985	Acquired	6189	Direct
2011-01-10	Common Stock	S	1226	$48	Disposed	4963	Direct
2011-01-10	Common Stock	M	5254	$19.355	Acquired	10217	Direct
2011-01-10	Common Stock	S	5254	$48	Disposed	4963	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-10	Non-Qualified Stock Option (right to buy)	$16.985	M	1226	Disposed	2013-08-03	Common Stock (1226)	Direct
2011-01-10	Non-Qualified Stock Option (right to buy)	$19.355	M	5254	Disposed	2013-10-23	Common Stock (5254)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3714	Indirect

Footnotes

F1: Pursuant to 10b(5)-1 Sales Plan executed by reporting person, when he/she was not in possession of material nonpublic information.

F2: This form has been amended to reflect $0.00 in price as no consideration was exchaged for this transaction.

F3: This option will become exercisable on the anniversary of the grant date in the following increments: 25% on the second anniversary (August 6, 2005), 20% on the third anniversary (August 6, 2006), 25% on the fourth anniversary (August 6, 2007) and 30% on the fifth anniversary (August 6, 2008).

F4: This option will become exercisable in 25% increments on the first (October 23, 2004), second (October 23, 2005), third (October 23, 2006) and fourth (October 23, 2007) anniversary of the grant date.