SEC Form 4 · accession 0001062613-15-000029
FAIRPOINT COMMUNICATIONS INC · FRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven G Rush
Officer — SVP, Northern New England Ops
Period of report
Jan 22, 2015
Accepted (ET)
Jan 23, 2015 · 4:27 pm EST
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 | Jan 22, 2015 | A | 8,000 | — | A | 9,197 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (A&R 2010 Long Term Incentive Plan)F2 | $14.73 | Jan 22, 2015 | A | 14,700 | A | — | Jan 22, 2025 | Common stock, par value $0.01 per share | 14,700 | 14,700 | D |
Explanation of responses
- F1Represents restricted shares of FairPoint Communications, Inc. (the "Company") common stock, par value $0.01 per share, issued pursuant to the Company's Amended and Restated 2010 Long Term Incentive Plan (the "LTIP") on January 22, 2015 (the "Grant Date"). 25% of these restricted shares vested on the Grant Date with the remainder to vest in equal installments on January 22, 2016, January 23, 2017 and January 22, 2018. No consideration was paid by the Reporting Person for these restricted shares.
- F2Represents stock options issued pursuant to the LTIP on January 22, 2015. 25% of these stock options vested on the Grant Date with the remainder to vest in equal installments on January 22, 2016, January 23, 2017 and January 22, 2018. No consideration was paid by the Reporting Person for these stock options.