SEC Form 4 · accession 0001062613-16-000118
FAIRPOINT COMMUNICATIONS INC · FRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wayne Wilson
Director
Period of report
Jan 22, 2016
Accepted (ET)
Jan 25, 2016 · 4:14 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, 2016 | A | 7,105 | $0.00 | A | 49,655 | 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 | $14.61 | Jan 22, 2016 | A | 6,025 | A | — | Jan 22, 2026 | Common stock, par value $0.01 per share | 6,025 | 6,025 | 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, 2016 (the "Grant Date"). All of these restricted shares vest on January 23, 2017. No consideration was paid by the Reporting Person for these restricted shares.
- F2Represents stock options issued pursuant to the LTIP on the Grant Date. All of these options vest on January 23, 2017. No consideration was paid by the Reporting Person for these stock options.