SEC Form 4 · accession 0001062613-15-000065
FAIRPOINT COMMUNICATIONS INC · FRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Joseph Lunny
Officer — SVP & Chief Technology Officer
Period of report
May 11, 2015
Accepted (ET)
May 13, 2015 · 4:04 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 share | May 11, 2015 | M | 6,500 | $4.56 | A | 30,439 | D | |
| Common stock, par value $0.01 per shareF1 | May 11, 2015 | F | 3,266 | $17.99 | D | 27,173 | D | |
| Common stock, par value $0.01 per share | May 11, 2015 | M | 3,000 | $9.36 | A | 30,173 | D | |
| Common stock, par value $0.01 per shareF1 | May 11, 2015 | F | 2,041 | $17.99 | D | 28,132 | D | |
| Common stock, par value $0.01 per share | May 11, 2015 | M | 9,600 | $13.29 | A | 37,732 | D | |
| Common stock, par value $0.01 per shareF1 | May 11, 2015 | F | 7,929 | $17.99 | D | 29,803 | D | |
| Common stock, par value $0.01 per share | May 11, 2015 | M | 3,875 | $14.73 | A | 33,678 | D | |
| Common stock, par value $0.01 per shareF1 | May 11, 2015 | F | 3,407 | $17.99 | D | 30,271 | 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 (2010 Long Term Incentive Plan)F2 | $4.56 | May 11, 2015 | M | 6,500 | D | — | Jan 24, 2022 | Common stock, par value $0.01 per share | 6,500 | 0 | D |
| Stock Options (2010 Long Term Incentive Plan)F3 | $9.36 | May 11, 2015 | M | 3,000 | D | — | Jan 22, 2023 | Common stock, par value $0.01 per share | 3,000 | 1,000 | D |
| Stock Options (2010 Long Term Incentive Plan)F4 | $13.29 | May 11, 2015 | M | 9,600 | D | — | Jan 22, 2024 | Common stock, par value $0.01 per share | 9,600 | 9,600 | D |
| Stock Options (A&R 2010 Long Term Incentive Plan) | $14.73 | May 11, 2015 | M | 3,875 | D | Jan 22, 2015 | Jan 22, 2025 | Common stock, par value $0.01 per share | 3,875 | 11,625 | D |
Explanation of responses
- F1Represents shares of common stock of FairPoint Communications, Inc. (the "Company") withheld to cover the payment of the exercise price in connection with the exercise of the corresponding stock options and to satisfy applicable tax withholding obligations relating to the exercise of the corresponding stock options, in accordance with the applicable stock option award agreement pursuant to the Company's long term incentive plan.
- F2The 6,500 stock options exercised hereby became exercisable in equal installments on each of January 24, 2012, January 24, 2013, January 24, 2014 and January 24, 2015.
- F3The 3,000 stock options exercised hereby became exercisable in equal installments on each of January 22, 2013, January 22, 2014 and January 22, 2015.
- F4The 9,600 stock options exercised hereby became exercisable in equal installments on each of January 22, 2014 and January 22, 2015.