SEC Form 4 · accession 0001209191-17-018092
ALASKA COMMUNICATIONS SYSTEMS GROUP INC · ALSK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anand Vadapalli
Officer — CEO and President · Director
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 9:16 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 | 351,234 | $0.00 | A | 1,314,410 | D | |
| Common Stock, par value $.01 | Mar 1, 2017 | F | 97,144 | $1.67 | D | 1,217,266 | 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 | 110,238 | D | Mar 1, 2017 | Mar 1, 2017 | common stock | 110,238 | 0 | D |
| Restricted stock unitsF1,F3 | $0.00 | Mar 1, 2017 | M | 123,284 | D | Mar 1, 2017 | Mar 1, 2017 | common stock | 123,284 | 123,284 | D |
| Restricted stock unitsF1,F4 | $0.00 | Mar 1, 2017 | M | 117,712 | D | Mar 1, 2017 | Mar 1, 2017 | common stock | 117,712 | 235,424 | 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 220,476 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 123,284 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 of which the remaining 235,424 units will vest two equal annual installments, beginning on the first company business day on or after March 1, 2018, and subject to continued employment.