SEC Form 4 · accession 0001209191-17-018099
ALASKA COMMUNICATIONS SYSTEMS GROUP INC · ALSK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leonard Steinberg
Officer — SVP, Legal/Reg/Gov & Corp Sec.
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 9:31 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 | 78,382 | $0.00 | A | 491,320 | D | |
| Common stock, par value $.01 | Mar 1, 2017 | F | 19,596 | $1.67 | D | 471,724 | 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 | 24,602 | D | Mar 1, 2017 | Mar 1, 2017 | Common Stock | 24,602 | 0 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | Mar 1, 2017 | M | 27,512 | D | Mar 1, 2017 | Mar 1, 2017 | Common Stock | 27,512 | 27,513 | D |
| Restricted Stock UnitsF1,F4 | $0.00 | Mar 1, 2017 | M | 26,268 | D | Mar 1, 2017 | Mar 1, 2017 | Common Stock | 26,268 | 52,538 | D |
Explanation of responses
- F1Amount represents a restricted 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 51,588 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 27,513 units will vest on or after March 1, 2018, or upon retirement.
- 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 52,538 units will vest in two equal annual installments beginning on or after March 1, 2018, or upon retirement.