| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
GLOBAL PAYMENTS INC [ GPN ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/24/2005 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) 05/13/2004 |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock, no par value | 08/24/2005 | X | 1,200,000 | D | $44.55 | 0 | I | See footnote(1) | ||
| Common Stock, no par value | 08/24/2005 | X | 1,200,000 | D | $44.39 | 0 | I | See footnote(1) | ||
| Common Stock, no par value | 08/24/2005 | X | 1,200,000 | D | $44.27 | 0 | I | See footnote(1) | ||
| Common Stock, no par value | 08/24/2005 | X | 1,200,000 | D | $44.18 | 0 | I | See footnote(1) | ||
| Common Stock, no par value | 08/24/2005 | X | 1,200,000 | D | $44.1 | 0 | I | See footnote(1) | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Call option (obligation to sell) | $44.55 | 08/24/2005 | J(2) | 1 | 08/24/2005 | 08/24/2005 | Common Stock | 1,200,000 | $0 | 0 | I | See footnote(1) | |||
| Call option (obligation to sell) | $44.55 | 08/24/2005 | X | 1 | 08/24/2005 | 08/24/2005 | Common Stock | 1,200,000 | $0 | 0 | I | See footnote(1) | |||
| Call option (obligation to sell) | $44.39 | 08/24/2005 | J(2) | 1 | 08/24/2005 | 08/24/2005 | Common Stock | 1,200,000 | $0 | 0 | I | See footnote(1) | |||
| Call option (obligation to sell) | $44.39 | 08/24/2005 | X | 1 | 08/24/2005 | 08/24/2005 | Common Stock | 1,200,000 | $0 | 0 | I | See footnote(1) | |||
| Call option (obligation to sell) | $44.27 | 08/24/2005 | J(2) | 1 | 08/24/2005 | 08/24/2005 | Common Stock | 1,200,000 | $0 | 0 | I | See footnote(1) | |||
| Call option (obligation to sell) | $44.27 | 08/24/2005 | X | 1 | 08/24/2005 | 08/24/2005 | Common Stock | 1,200,000 | $0 | 0 | I | See footnote(1) | |||
| Call option (obligation to sell) | $44.18 | 08/24/2005 | J(2) | 1 | 08/24/2005 | 08/24/2005 | Common Stock | 1,200,000 | $0 | 0 | I | See footnote(1) | |||
| Call option (obligation to sell) | $44.18 | 08/24/2005 | X | 1 | 08/24/2005 | 08/24/2005 | Common Stock | 1,200,000 | $0 | 0 | I | See footnote(1) | |||
| Call option (obligation to sell) | $44.1 | 08/24/2005 | J(2) | 1 | 08/24/2005 | 08/24/2005 | Common Stock | 1,200,000 | $0 | 0 | I | See footnote(1) | |||
| Call option (obligation to sell) | $44.1 | 08/24/2005 | X | 1 | 08/24/2005 | 08/24/2005 | Common Stock | 1,200,000 | $0 | 0 | I | See footnote(1) | |||
| Put option (right to sell) | $41.59 | 08/24/2005 | E(2) | 1 | 08/24/2005 | 08/24/2005 | Common Stock | 1,200,000 | $0 | 0 | I | See footnote(1) | |||
| Put option (right to sell) | $42.06 | 08/24/2005 | E(2) | 1 | 08/24/2005 | 08/24/2005 | Common Stock | 1,200,000 | $0 | 0 | I | See footnote(1) | |||
| Put option (right to sell) | $42.55 | 08/24/2005 | E(2) | 1 | 08/24/2005 | 08/24/2005 | Common Stock | 1,200,000 | $0 | 0 | I | See footnote(1) | |||
| Put option (right to sell) | $43.05 | 08/24/2005 | E(2) | 1 | 08/24/2005 | 08/24/2005 | Common Stock | 1,200,000 | $0 | 0 | I | See footnote(1) | |||
| Put option (right to sell) | $43.54 | 08/24/2005 | E(2) | 1 | 08/24/2005 | 08/24/2005 | Common Stock | 1,200,000 | $0 | 0 | I | See footnote(1) | |||
| Explanation of Responses: |
| 1. The shares were directly owned by CIBC Investments Limited ("CIBCIL"), a wholly-owned subsidiary of Canadian Imperial Bank of Commerce. |
| 2. On May 11, 2004, CIBCIL entered into a "zero-cost collar" arrangement pursuant to which the options could settle in multiple tranches over five quarters at the option of CIBCIL, by delivery of shares of common stock, by cash payments, or by a combination of the two methods. Each option was comprised of 20 components, which were to expire and were to be exercisable over a 20 consecutive trading day period beginning on March 28, 2006. Each component of the option was attributable to 60,000 shares. On August 24, 2005, the terms of the options were amended to revise the call option strike prices and to reset the expiration dates of all the options to August 24, 2005. |
| Antonio Molestina | 08/24/2005 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||