SEC Form 4 · accession 0001062613-16-000167
FAIRPOINT COMMUNICATIONS INC · FRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karen Dickerson Turner
Officer — EVP & CFO
Period of report
Aug 15, 2016
Accepted (ET)
Aug 17, 2016 · 4:09 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 15, 2016 | A | 15,000 | $0.00 | A | 34,000 | 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 | $14.14 | Aug 15, 2016 | A | 25,000 | A | — | Aug 14, 2026 | Common stock, par value $0.01 per share | 25,000 | 25,000 | 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 August 15, 2016 (the "Grant Date"). These restricted shares will vest in three equal annual installments on August 15, 2017, August 15, 2018 and August 15, 2019. No consideration was paid by the Reporting Person for these restricted shares.
- F2Represents stock options issued pursuant to the FairPoint Communications, Inc. Amended and Restated 2010 Long Term Incentive Plan (the "LTIP") on August 15, 2016 (the "Grant Date"). These stock options will vest in three equal annual installments on August 15, 2017, August 15, 2018 and August 15, 2019. No consideration was paid by the Reporting Person for these stock options.