SEC Form 4 · accession 0001062613-16-000126
FAIRPOINT COMMUNICATIONS INC · FRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony A Tomae
Officer — Exec. VP & Chief Rev. Officer
Period of report
Jan 22, 2016
Accepted (ET)
Jan 25, 2016 · 4:16 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,F2 | Jan 22, 2016 | F | 911 | $14.78 | D | 63,488 | D | |
| Common stock, par value $0.01 per shareF3,F2 | Jan 22, 2016 | F | 2,016 | $14.78 | D | 61,472 | D | |
| Common stock, par value $0.01 per shareF4,F2 | Jan 22, 2016 | F | 1,014 | $14.78 | D | 60,458 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 22, 2016, 2,250 of the Reporting Person's restricted shares of FairPoint Communications, Inc. (the "Company") common stock, par value $0.01 per share, that were granted pursuant to the Company's 2010 Long-Term Incentive Plan (the "LTIP") on January 22, 2013 vested. Pursuant to the LTIP, at the Reporting Person's election, 911 of the Reporting Person's restricted shares were forfeited by the Reporting Person to satisfy applicable withholding tax obligations with respect to the vesting of the 2,250 restricted shares on such date. No consideration was received by the Reporting Person for his forfeiture of the 911 restricted shares.
- F2Represents the closing price on the date of forfeiture.
- F3On January 22, 2016, 5,000 of the Reporting Person's restricted shares of the Company's common stock, par value $0.01 per share, that were granted pursuant to the Company's LTIP on January 22, 2014 vested. Pursuant to the LTIP, at the Reporting Person's election, 2,016 of the Reporting Person's restricted shares were forfeited by the Reporting Person to satisfy applicable withholding tax obligations with respect to the vesting of the 5,000 restricted shares on such date. No consideration was received by the Reporting Person for his forfeiture of the 2,016 restricted shares.
- F4On January 22, 2016, 2,925 of the Reporting Person's restricted shares of the Company's common stock, par value $0.01 per share, that were granted pursuant to the Company's LTIP on January 22, 2015 vested. Pursuant to the LTIP, at the Reporting Person's election, 1,014 of the Reporting Person's restricted shares were forfeited by the Reporting Person to satisfy applicable withholding tax obligations with respect to the vesting of the 2,925 restricted shares on such date. No consideration was received by the Reporting Person for his forfeiture of the 1,014 restricted shares.