SEC Form 4 · accession 0001571049-15-001955
OTELCO INC. · OTEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ed Tisdale
Officer — SVP & GM, New England
Period of report
Mar 12, 2015
Accepted (ET)
Mar 16, 2015 · 6:08 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 | 2,478 | — | A | 2,532 | 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 | 7,435 | A | — | — | Class A Common Stock | 7,435 | 7,435 | D |
| Restricted Stock UnitsF1,F2 | — | Mar 13, 2015 | M | 2,478 | D | — | — | Class A Common Stock | 2,478 | 4,957 | 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: 2,478 RSUs vest on March 13, 2015; 2,478 RSUs vest on March 14, 2016; and 2,479 RSUs vest on March 13, 2017.