SEC Form 4 · accession 0000895813-17-000051
FAIRPOINT COMMUNICATIONS INC · FRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L Treadwell
Director
Period of report
Jul 3, 2017
Accepted (ET)
Jul 6, 2017 · 3:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001062613
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1 | Jul 3, 2017 | D | 76,155 | — | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $9.36 | Jul 3, 2017 | D | 7,576 | D | — | Jan 22, 2023 | Common Stock | 7,576 | 0 | D |
| Stock OptionsF3 | $13.29 | Jul 3, 2017 | D | 6,491 | D | — | Jan 22, 2024 | Common Stock | 6,491 | 0 | D |
| Stock OptionsF4 | $14.73 | Jul 3, 2017 | D | 5,549 | D | — | Jan 22, 2025 | Common Stock | 5,549 | 0 | D |
| Stock OptionsF5 | $14.61 | Jul 3, 2017 | D | 6,025 | D | — | Jan 22, 2026 | Common Stock | 6,025 | 0 | D |
Explanation of responses
- F1Disposed of pursuant to an agreement and plan of merger among FairPoint Communications, Inc., Consolidated Communications Holdings, Inc. ("Consolidated") and Falcon Merger Sub, Inc. in exchange for 55,593 shares of Consolidated common stock having a market value of $21.47 per share on the last complete trading day prior to the effective date of the merger.
- F2This option, which provided for vesting in of all these options on January 22, 2014, was automatically canceled in exchange for the right to receive 2,227 shares (net of shares surrendered for the payment of taxes) of Consolidated common stock (after taking into account the exercise price) having a market value of $21.47 per share on the last complete trading day prior to the effective date of the merger.
- F3This option, which provided for vesting in of all these options on January 22, 2015, was automatically canceled in exchange for the right to receive 719 shares (net of shares surrendered for the payment of taxes) of Consolidated common stock (after taking into account the exercise price) having a market value of $21.47 per share on the last complete trading day prior to the effective date of the merger.
- F4This option, which provided for vesting in of all these options on January 22, 2016, was automatically canceled in exchange for the right to receive 243 shares (net of shares surrendered for the payment of taxes) of Consolidated common stock (after taking into account the exercise price) having a market value of $21.47 per share on the last complete trading day prior to the effective date of the merger.
- F5This option, which provided for vesting in of all these options on January 23, 2017, was automatically canceled in exchange for the right to receive 299 shares (net of shares surrendered for the payment of taxes) of Consolidated common stock (after taking into account the exercise price) having a market value of $21.47 per share on the last complete trading day prior to the effective date of the merger.