GLOBAL PAYMENTS INC — Director's Dealing 2011

Jan 20, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLOBAL PAYMENTS INC (GPN)
CIK: 0001123360
Period of Report: 2011-01-18

Reporting Person: JACOBS WILLIAM I (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-18	Common Stock	M	11960	$10.45	Acquired	23199	Direct
2011-01-18	Common Stock	S	11960	$47.179	Disposed	11239	Direct
2011-01-18	Common Stock	M	6040	$14.875	Acquired	17279	Direct
2011-01-18	Common Stock	S	6040	$47.179	Disposed	11239	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-18	Non-Qualified Stock Option (right to buy)	$10.45	M	11960	Disposed	2011-02-01	Common Stock (11960)	Direct
2011-01-18	Non-Qualified Stock Option (right to buy)	$14.875	M	6040	Disposed	2011-10-25	Common Stock (6040)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21646	Indirect

Footnotes

F1: Reflects the weighted average sale price. The range of prices for such transaction is $46.90 to $47.64. The reporting person effected multiple same-way open market sale transactions 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.

F2: This option will become exercisable on the anniversary of the grant date in the following increments: 25% on the second anniversary (February 1, 2003), 20% on the third anniversary (February 1, 2004), 25% on the fourth anniversary (February 1, 2005) and 30% on the fifth anniversary (February 1, 2006).

F3: This option will become exercisable on the anniversary of the grant date in the following increments: 25% on the second anniversary (October 25, 2003), 20% on the third anniversary (October 25, 2004), 25% on the fourth anniversary (October 25, 2005) and 30% on the fifth anniversary (October 25, 2006).