SEC Form 4 · accession 0001062613-17-000065
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
May 12, 2017
Accepted (ET)
May 15, 2017 · 10:14 am 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,F2 | May 12, 2017 | F | 440 | $14.90 | D | 40,265 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On May 12, 2017, 1,333 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 Amended and Restated 2010 Long Term Incentive Plan (the "LTIP") on May 12, 2014 vested. Pursuant to the LTIP, at the Reporting Person's election, 440 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 1,333 restricted shares on such date. No consideration was received by the Reporting Person for her forfeiture of the 440 restricted shares.
- F2Represents the closing price on the date of forfeiture.