SEC Form 4 · accession 0001209191-17-018090
ALASKA COMMUNICATIONS SYSTEMS GROUP INC · ALSK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randy M Ritter
Officer — Sr Vice Pres, Shared Services
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 9:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001089511
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock, par value $.01F1 | Mar 1, 2017 | M | 59,004 | $0.00 | A | 121,358 | D | |
| Common stock, par value $.01 | Mar 1, 2017 | F | 18,144 | $1.67 | D | 103,214 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| restricted stock unitsF1,F2 | $0.00 | Mar 1, 2017 | M | 18,520 | D | Mar 1, 2017 | Mar 1, 2017 | common stock | 18,520 | 0 | D |
| restricted stock unitsF1,F3 | $0.00 | Mar 1, 2017 | M | 20,710 | D | Mar 1, 2017 | Mar 1, 2017 | common stock | 20,710 | 20,710 | D |
| restricted stock unitsF1,F4 | $0.00 | Mar 1, 2017 | M | 19,774 | D | Mar 1, 2017 | Mar 1, 2017 | common stock | 19,774 | 39,548 | D |
Explanation of responses
- F1Restricted stock unit award under the Alaska Communications Systems Group, Inc. 2011 Incentive Award Plan
- F2Amount represents restricted stock units granted under the Alaska Communications Systems Group, Inc. 2011 Incentive Award Plan as a part of a larger award, of which 37,036 units have previously vested.
- F3Amount represents restricted stock units granted under the Alaska Communications Systems Group, Inc. 2011 Incentive Award Plan as a part of a larger award. The remaining 20,710 units will vest on the first company business day on or after March 1, 2018, subject to continued employment.
- F4Amount represents restricted stock units granted under the Alaska Communications Systems Group, Inc. 2011 Incentive Award Plan as a part of a larger award. The remaining 39,548 units will vest in two equal annual installments beginning on the first company business day on or after March 1, 2018, subject to continued employment.