SEC Form 4 · accession 0001102541-16-000077
EarthLink Holdings, LLC · ELNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jacob J. Ferro Jr.
Officer — EVP, Chief Information Officer
Period of report
Jul 26, 2016
Accepted (ET)
Jul 28, 2016 · 4:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001102541
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 | — | Jul 26, 2016 | A | 65,502 | A | Jul 26, 2017 | Jul 26, 2026 | Common Stock | 65,502 | 65,502 | D |
Explanation of responses
- F1The Restricted Stock Units were acquired under the Company's 2016 Equity and Cash Incentive Plan. 50% of the Restricted Stock Units are performance-based and 50% are service-based. The performance-based Restricted Stock Units will be earned depending on the level of successful completion during 2016 of certain Company performance objectives, with full vesting of Restricted Stock Units earned on the third anniversary of the grant date. The service-based Restricted Stock Units vest ratably on the first, second and third anniversaries of the grant date. Vested Restricted Stock Units will be converted and distributed to the Reporting Person, without payment, in shares of Common Stock on a unit-for-share basis.