Sec Form 13G Filing - Paul David C filing for GLOBUS MEDICAL INC (GMED) - 2021-02-16

The remainder of this cover page shall be filled out for a reporting person’s initial filing of this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

  Name of Reporting Person

I.R.S. Identification No. of Above Person (Entities Only)

  David C. Paul

  Check the Appropriate Box if a Member of a Group

Not Applicable

  (a)  ☐        (b)  ☐

  SEC Use Only

  Citizenship or Place of Organization

  United States

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

with

  Sole Voting Power

  329,168⁽¹⁾

  Shared Voting Power

  20,867,524⁽²⁾⁽³⁾

  Sole Dispositive Power

  329,168⁽¹⁾

  Shared Dispositive Power

  20,867,524 ⁽²⁾⁽³⁾

  Aggregate Amount Beneficially Owned by Each Reporting Person

  21,196,692 ⁽²⁾⁽³⁾

  Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

  Not Applicable

  Percent of Class Represented by Amount in Row (9)

  21.52%⁽⁴⁾⁽⁵⁾

  Type of Reporting Person

  IN

Consists of 329,168 shares of Class A common stock subject to options held by the reporting person that are exercisable within 60 days of December 31, 2020.

The holders of Class B common stock are entitled to 10 votes per share of Class B common stock. Each share of Class B common stock is convertible into the Issuer’s Class A common stock on a 1-for-1 basis (a) at any time at the option of the holder of such share, (b) upon the transfer of such share (subject to certain exceptions for transfers not involving a sale, such as transfers not constituting a change in beneficial ownership, estate planning transfers and gifts), and (c) if the Class B common stock held by the holder of such share plus that holder’s affiliates represents less than 5% of the Issuer’s outstanding common stock.

Does not include 1,562,573 shares of Class B common stock held by the Paul Family Irrevocable Trust U/A/D 4/6/10. The reporting person’s spouse is trustee of the trust.

Based on shares outstanding equal to: (a) 77,284,007 shares of Class A common stock outstanding as of December 31, 2020, as reported by the Issuer to the reporting person, plus (b) 329,168 shares of Class A common stock subject to options that are exercisable within 60 days of December 31, 2020, plus (c) 20,867,524 shares of Class B common stock, which are treated as converted into Class A common stock for the purpose of computing the percentage ownership of the reporting person.

Assumes conversion of all of the reporting person’s Class B common stock into, and exercise of all of the reporting person’s options for, shares of Class A common stock.

  Name of Reporting Person

I.R.S. Identification No. of Above Person (Entities Only)

  Sonali Paul

  Check the Appropriate Box if a Member of a Group

Not Applicable

  (a)  ☐        (b)  ☐

  SEC Use Only

  Citizenship or Place of Organization

  United States

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

with

  Sole Voting Power

  1,562,573⁽⁶⁾⁽⁷⁾

  Shared Voting Power

  20,867,524⁽⁷⁾⁽⁸⁾

  Sole Dispositive Power

  1,562,573⁽⁶⁾⁽⁷⁾

  Shared Dispositive Power

  20,867,524 ⁽⁷⁾⁽⁸⁾

  Aggregate Amount Beneficially Owned by Each Reporting Person

  22,430,097 ⁽⁷⁾⁽⁸⁾

  Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

  Not Applicable

  Percent of Class Represented by Amount in Row (9)

  22.49%^(9)(10)

  Type of Reporting Person

  IN

Consists of 1,562,573 shares of Class B common stock held by the Paul Family Irrevocable Trust U/A/D 4/6/10.

The holders of Class B common stock are entitled to 10 votes per share of Class B common stock. Each share of Class B common stock is convertible into the Issuer’s Class A common stock on a 1-for-1 basis (a) at any time at the option of the holder of such share, (b) upon the transfer of such share (subject to certain exceptions for transfers not involving a sale, such as transfers not constituting a change in beneficial ownership, estate planning transfers and gifts), and (c) if the Class B common stock held by the holder of such share plus that holder’s affiliates represents less than 5% of the Issuer’s outstanding common stock.

Does not include 329,168 shares of Class A common stock subject to options held by the reporting person’s spouse that are exercisable within 60 days of December 31, 2020.

Based on shares outstanding equal to: (a) 77,284,007 shares of Class A common stock outstanding as of December 31, 2020, as reported by the Issuer to the reporting person, plus (b) 22,430,097 shares of Class B common stock, which are treated as converted into Class A common stock for the purpose of computing the percentage ownership of the reporting person.

Assumes conversion of all of the reporting person’s Class B common stock into shares of Class A common stock.

Name of Issuer

Address of Issuer’s Principal Executive Offices

Name of Person Filing

Address of Principal Business Office, or if none, Residence

Citizenship

Title of Class of Securities

CUSIP Number

Filing pursuant to Rules 13d-1(b) or 13d-2(b) or (c)

Ownership

Includes 329,168 shares of Class A common stock subject to options held by the reporting person that are exercisable within 60 days of December 31, 2020.

The holders of Class B common stock are entitled to 10 votes per share of Class B common stock. Each share of Class B common stock is convertible into the Issuer’s Class A common stock on a 1-for-1 basis (a) at any time at the option of the holder of such share, (b) upon the transfer of such share (subject to certain exceptions for transfers not involving a sale, such as transfers not constituting a change in beneficial ownership, estate planning transfers and gifts), and (c) if the Class B common stock held by the holder of such share plus that holder’s affiliates represents less than 5% of the Issuers outstanding common stock.

Does not include 1,562,573 shares of Class B common stock held by the Paul Family Irrevocable Trust U/A/D 4/6/10. The shares are held in trust for the benefit of the reporting person’s spouse and children. The reporting person’s spouse is trustee of the trust.

Includes 20,867,524 shares of Class B common stock held directly by the reporting person and the reporting person’s spouse.

Includes 1,562,573 shares of Class B common stock held by the Paul Family Irrevocable Trust U/A/D 4/6/10.

Does not include 329,168 shares of Class A common stock subject to options held by the reporting person’s spouse that are exercisable within 60 days of December 31, 2020.

Based on shares outstanding equal to: (a) 77,284,007 shares of Class A common stock outstanding as of December 31, 2020, as reported by the Issuer to the reporting person, plus (b) 329,168 shares of Class A common stock subject to options that are exercisable within 60 days of December 31, 2020, plus (c) 20,867,524 shares of Class B common stock, which are treated as converted into Class A common stock for the purpose of computing the percentage ownership of the reporting person.

Assumes conversion of all of the reporting person’s Class B common stock into, and exercise of all of the reporting person’s options for, shares of Class A common stock.

Based on shares outstanding equal to: (a) 77,284,007 shares of Class A common stock outstanding as of December 31, 2020, as reported by the Issuer to the reporting person, plus (b) 22,430,097 of shares of Class B common stock, which are treated as converted into Class A common stock for the purpose of computing the percentage ownership of the reporting person.

Assumes conversion of all of the reporting person’s Class B common stock into shares of Class A common stock.

Ownership of Five Percent or Less of a Class

Ownership of More than Five Percent on Behalf of Another Person

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

Identification and Classification of Members of the Group

Notice of Dissolution of Group

Certification