SEC Form 4 · accession 0001571049-15-001952
OTELCO INC. · OTEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerry C Boles
Officer — SVP and Controller
Period of report
Mar 12, 2015
Accepted (ET)
Mar 16, 2015 · 6:06 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, 2015 | M | 1,961 | — | A | 1,961 | 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 | — | Mar 12, 2015 | A | 5,882 | A | — | — | Class A Common Stock | 5,882 | 5,882 | D |
| Restricted Stock UnitsF1,F2 | — | Mar 13, 2015 | M | 1,961 | D | — | — | Class A Common Stock | 1,961 | 3,921 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a right to receive one share of Otelco Inc. Class A Common Stock.
- F2The RSUs vest in three installments: 1,961 RSUs vest on March 13, 2015; 1,961 RSUs vest on March 14, 2016; and 1,960 RSUs vest on March 13, 2017.