SEC Form 4 · accession 0001209191-17-009713

WEST CORP · WSTC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President Unified Comm Svcs

Period of report

Feb 8, 2017

Accepted (ET)

Feb 10, 2017 · 6:16 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001024657

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Feb 8, 2017	J	4,716	—	D	77,972	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Units^F1,F2	—	Feb 8, 2017	J	7,700	D	—	—	Common Stock	7,700	85,759	D

F1On February 3, 2017, the Issuer erroneously reported to the filing person that he was due to receive a distribution of 7,700.3053 stock units under the Issuer's Nonqualified Deferred Compensation Plan (the "Plan"). On February 8, 2017 and prior to issuance of 4,716 shares of common stock (7,700.3053 shares less 2,983.8683 to cover tax withholding and 0.437 shares to be retired as a fractional share), the Issuer identified its error and cancelled the conversion and issuance prior to completion thereof. The stock units are to be credited back to the filing person's deferred compensation account to correct the error.
F2Stock units represent notional equity interests in the Issuer credited to the reporting person's deferred compensation account. Each stock unit is the economic equivalent of one share of the Issuer's Common Stock. These stock units become payable, through the issuance of shares of the Issuer's Common Stock (or the cash equivalent thereof), on the date specified by the reporting person, which can be no earlier than five years following the year of deferral associated with such stock units or, if earlier, six months after the date the reporting person separates from service with the Issuer or the date of death of the reporting person.