SEC Form 4 · accession 0001209191-15-017289
ALTEVA, INC. · ALTV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian H. Callahan
Officer — Executive Vice President-CFO
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 2015 · 5:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000104777
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 19, 2015 | A | 8,081 | $0.00 | A | 44,224 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $9.90 | holding | — | — | — | — | Mar 22, 2023 | Common Stock | 15,000 | 15,000 | D |
| Employee Stock Option (Right to Buy)F2,F3 | $10.80 | holding | — | — | — | — | Mar 11, 2023 | Common Stock | 5,500 | 5,500 | D |
Explanation of responses
- F1This restricted stock award was granted under the Amended and Restated Warwick Valley Telephone Company 2008 Long-Term Incentive Plan in a transaction exempt under Rule 16b-3.
- F2This option was previously reported by Mr. Callahan and shall vest and become exercisable as follows: (i) one third of the shares subject to the stock option upon the date that is one year from the date of the agreement; (ii) an additional one-third of the shares subject to the stock option upon the date that is two years from the date of the agreement; and (iii) the remaining one-third of the shares subject to the stock option upon the date that is three years from the date of the agreement, assuming Mr. Callahan's continuous employment with the Company.
- F3This corrects the number of options awarded, previously reported as 9,500 on March 11, 2013.