SEC Form 4 · accession 0001654954-18-012339
Fusion Connect, Inc. · FSNN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew D Rosen
Officer — Chairman and CEO · Director
Period of report
Nov 7, 2018
Accepted (ET)
Nov 9, 2018 · 5:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001071411
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 7, 2018 | A | 3,961,934 | — | A | 4,064,454 | D | |
| Common StockF2 | Nov 7, 2018 | F | 350,018 | $2.65 | D | 3,714,436 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Consists of restricted shares of Common Stock granted to the Reporting Person pursuant to an employment agreement. Of these shares, 657,682 were vested at the time of grant and the remaining 3,304,249 vest on a quarterly basis over the next 2.5 years. The employment agreement provides for a tax withholding right with respect to the shares of restricted stock.
- F2Represents shares of Common Stock withheld to cover the payment of taxes due in connection with the vesting of shares of restricted stock.