SEC Form 4 · accession 0001209191-18-043742
ALASKA COMMUNICATIONS SYSTEMS GROUP INC · ALSK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laurie Butcher
Officer — Senior Vice President, Finance
Period of report
Jul 20, 2018
Accepted (ET)
Jul 24, 2018 · 4:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001089511
Table I — non-derivative securities
No Table I lines on this filing.
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 | Jul 20, 2018 | A | 20,384 | A | — | Jul 20, 2028 | Common Stock | 20,384 | 20,384 | D |
| Performance Stock UnitsF1,F3,F4 | $0.00 | Jul 20, 2018 | A | 99,736 | A | — | Jul 20, 2028 | Common Stock | 99,736 | 99,736 | 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 which will vest in three equal annual installments beginning on the first company business day on or after March 1, 2019, subject to continued employment.
- F3PSUs are comprised of three tranches with performance periods of one, two, or three years. Each tranche will vest if the Company's 20-day Volume Weighted Average price meets or exceeds the identified vesting price for that tranche during the performance period for that tranche.
- F4Any tranches that do not vest within their identified vesting time frame shall immediately terminate after the close of the vesting period and be forfeited without any settlement thereunder. All awards subject to continued employment.