# EDGAR Filing Document

**Accession Number:** 0001243717
**File Stem:** 0001243717-23-000007
**Filing Date:** 2023-2
**Character Count:** 10033
**Document Hash:** 809cd941b80cb3785fd5abdbc742828b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001243717-23-000007.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001243717-23-000007

**CONFORMED SUBMISSION TYPE**: 5

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** LEEDS RICHARD
- **CENTRAL INDEX KEY:** 0001243717

**FILING VALUES:**
- **FORM TYPE:** 5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13792
- **FILM NUMBER:** 23632261

**MAIL ADDRESS:**
- **STREET 1:** C/O SYSTEMAX INC.
- **STREET 2:** 11 HARBOR PARK DRIVE
- **CITY:** PORT WASHINGTON
- **STATE:** NY
- **ZIP:** 11050
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GLOBAL INDUSTRIAL Co
- **CENTRAL INDEX KEY:** 0000945114
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084]
- **IRS NUMBER:** 113262067
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 11 HARBOR PARK DRIVE
- **CITY:** PORT WASHINGTON
- **STATE:** NY
- **ZIP:** 11050
- **BUSINESS PHONE:** 5166087000

**MAIL ADDRESS:**
- **STREET 1:** 11 HARBOR PARK DRIVE
- **CITY:** PORT WASHINGTON
- **STATE:** NY
- **ZIP:** 11050

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SYSTEMAX INC
- **DATE OF NAME CHANGE:** 19990622

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GLOBAL DIRECTMAIL CORP
- **DATE OF NAME CHANGE:** 19950509

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 5

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>LEEDS RICHARD<br><sub>(Last) (First) (Middle)</sub><br>C/O GLOBAL INDUSTRIAL COMPANY<br>11 HARBOR PARK DRIVE<br><sub>(Street)</sub><br>PORT WASHINGTON, NY 11050<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2022-12-31 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Executive Chairman_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>GLOBAL INDUSTRIAL Co [ GIC ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2022-02-26 |  | G |  | 534552<sup>(1)</sup> | D | $0 | 1623675 | D |  |
| Common Stock | 2022-02-26 |  | G |  | 574378<sup>(2)</sup> | A | $0 | 3049483 | I | By Trust, as noted in Footnote No. 3<sup>(3)</sup> |
| Common Stock | 2022-02-26 |  | G |  | 537297<sup>(4)</sup> | A | $0 | 3802736 | I | By Trust, as noted in Footnote No.5<sup>(5)</sup> |
| Common Stock | 2022-10-14 |  | G |  | 786907<sup>(1)</sup> | D | $0 | 1623675 | D |  |
| Common Stock | 2022-10-14 |  | G |  | 455773<sup>(2)</sup> | A | $0 | 3802736 | I | By Trust, as noted in Footnote No.5<sup>(5)</sup> |
| Common Stock |  |  |  |  |  |  |  | 5986635 | I | By Trust, as noted in Footnote Nos. 6 and 7<sup>(6)(7)</sup> |
| Common Stock |  |  |  |  |  |  |  | 994233 | I | By Partnerships<sup>(8)</sup> |
| Common Stock |  |  |  |  |  |  |  | 1414 | I | By LLC<sup>(9)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) These shares were gifted, for no consideration, from the reporting person to the Richard Leeds 2008 Family Trust.

(2) These shares were gifted, for no consideration, from Mr. Bruce Leeds to the Bruce Leeds 2008 Family Trust.

(3) Shares are owned by the Bruce Leeds 2008 Family Trust, for the benefit of the reporting person's family, for which the reporting person acts as co-trustee. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

(4) These shares were gifted, for no consideration, from Mr. Robert Leeds to the Robert Leeds 2008 Family Trust.

(5) Shares are owned by the Robert Leeds 2008 Family Trust, for the benefit of the reporting person's family, for which the reporting person acts as co-trustee. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

(6) Includes, an aggregate of 5,986,635 shares owned by trusts for the benefit of reporting person's family for which the reporting person acts as trustee or co-trustee [as described in this Footnote and in Footnote 7]: 620,000 shares owned by the Alex Leeds 2021 Trust; 620,000 shares owned by the Andrew Leeds 2021 Trust; 620,000 shares owned by the Brandon Leeds 2021 Trust; 620,000 shares owned by the Hallie Leeds 2021 Trust; 620,000 shares owned by the Jessica Rosen 2021 Trust; 620,000 shares owned by the Jordan Leeds 2021 Trust; 620,000 shares owned by the Kasey Leeds 2021 Trust; 620,000 shares owned by the Matthew Leeds 2021 Trust; 440,557 shares owned by the Bruce Leeds Irrevocable Trust; 440,557 shares owned by the Robert Leeds Irrevocable Trust; 23,554 shares owned by the Trust UWO Michael Leeds FBO Bruce Leeds; 23,552 owned by the Trust UWO Michael Leeds FBO Robert Leeds; 20,057 shares owned by the Bruce Leeds 2011 Family Trust;

(7) [continuation of Footnote 6] 18,358 shares owned by the Robert Leeds 2011 Family Trust; 12,500 shares owned by the Brandon Leeds 2010 Grantor Trust UA DTD 8/24/2010; 12,500 shares owned by the Hallie Leeds 2020 Trust UA DTD 12/22/2020; 12,500 shares owned by the Jordan Leeds 2016 Trust UA DTD 1/22/2016; 12,500 shares owned by the Kasey Leeds 2012 Trust UA DTD 11/19/2012; 5,840 shares owned by the Paul Leeds Marital TrU/A DTD 10/24/2006 FBO Roberta Leeds; 2,080 shares owned by the Paul Leeds Gst Tr U/A DTD 10/24/2006 FBO Nancy Leeds; and 2,080 shares owned by the Paul Leeds Gst Tr U/A DTD 10/24/2006 FBO David Leeds. The reporting person disclaims beneficial ownership of all such shares described in this Footnote and Footnote No. 6 except to the extent of his pecuniary interest therein.

(8) Includes, 519,800 shares owned by Aspire Partners L.P., the general partner of which is limited liability company equally owned by the reporting person and two other members; 238,583 shares owned by Generation Partners, L.P., the general partner of which is limited liability company equally owned by the reporting person and two other members; and 235,850 shares owned by GML Partners LP, of which a limited liability company controlled by the reporting person is a general partner. The reporting person disclaims beneficial ownership of all such shares except to the extent of his pecuniary interest therein.

(9) Shares owned by 2nd Generation Partners LLC, a limited liability company equally owned by the reporting person and two other members. The reporting person disclaims beneficial ownership of all such shares except to the extent of his pecuniary interest therein.

**Signature:** /s/ Richard Leeds  
**Date:** 2023-02-14

### Remarks:

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.**