SEC Form 4 · accession 0001144204-18-014771
OTELCO INC. · OTEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis Andrews
Officer — SVP - Regulatory & HR
Period of report
Mar 13, 2018
Accepted (ET)
Mar 15, 2018 · 6:01 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001288359
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Mar 13, 2018 | M | 7,787 | — | A | 18,956 | D | |
| Class A Common Stock | Mar 13, 2018 | F | 2,936 | $14.90 | D | 16,020 | D | |
| Class A Common StockF2 | holding | — | — | — | 451 | I | By IRA |
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,F3 | — | Mar 13, 2018 | M | 3,650 | D | — | — | Class A Common Stock | 3,650 | 3,650 | D |
| Restricted Stock UnitsF1,F4 | — | Mar 13, 2018 | M | 4,137 | D | — | — | Class A Common Stock | 4,137 | 0 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a right to receive one share of Otelco Inc. Class A Common Stock.
- F2These securities are held in the account of Carolyn Joan Andrews IRA, TD Ameritrade Inc. Custodian, 460 Rocky Ridge Road, Union Grove, Alabama 35175. Carolyn Joan Andrews is the wife of the reporting person.
- F3The RSUs vest in three installments: 3,650 RSUs vested on March 13, 2017; 3,650 RSUs vested on March 13, 2018; and 3,650 RSUs vest on March 12, 2019.
- F4The RSUs vested in three installments: 4,136 RSUs vested on March 14, 2016; 4,137 RSUs vested on March 13, 2017; and 4,137 RSUs vested on March 13, 2018.