GLOBAL PAYMENTS INC — Director's Dealing 2015

May 18, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLOBAL PAYMENTS INC (GPN)
CIK: 0001123360
Period of Report: 2015-05-14

Reporting Person: TRAPP MICHAEL W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-14	Common Stock	M	5490	$46.16	Acquired	20313	Direct
2015-05-14	Common Stock	M	3612	$42.07	Acquired	23925	Direct
2015-05-14	Common Stock	S	9102	$104.25	Disposed	14823	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-14	Non-qualified Stock Option (Right to Buy)	$46.16	M	5490	Disposed	2019-10-01	Common Stock (5490)	Direct
2015-05-14	Incentive Stock Option (Right to Buy)	$42.07	M	3612	Disposed	2020-10-01	Common Stock (3612)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3714	Indirect

Footnotes

F1: These shares were sold pursuant to a Rule 10b5-1 plan executed by the reporting person when he was not in possession of material non-public information.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.26 to $104.74, inclusive. The reporting person undertakes to provide to the issuer, any security holder of issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth above.

F3: This grant became exercisable in 25% increments on the first (October 1, 2010), second (October 1, 2011), third (October 1, 2012), fourth (October 1, 2013) anniversary of the grant date.

F4: This grant became exercisable in 25% increments on the first (October 1, 2011), second (October 1, 2012), third (October 1, 2013) and fourth (October 1, 2014) anniversary of the grant date.