SEC Form 4 · accession 0001062613-16-000165
FAIRPOINT COMMUNICATIONS INC · FRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ajay Sabherwal
Officer — EVP & CFO
Period of report
Aug 3, 2016
Accepted (ET)
Aug 3, 2016 · 4:19 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 | Aug 3, 2016 | D | 20,000 | $0.00 | D | 69,355 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents forfeiture of 5,000, 6,750 and 8,250 unvested restricted shares of FairPoint Communications, Inc. (the "Company") common stock, par value $0.01 per share, that were granted pursuant to the Company's Amended and Restated 2010 Long-Term Incentive Plan on January 22, 2014, January 22, 2015 and January 22, 2016, respectively. No consideration was received by the Reporting Person for forfeiture of these restricted shares.