SEC Form 4/A · accession 0001571049-16-011990
OTELCO INC. · OTEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Howard James Haug
Director
Period of report
May 24, 2013
Accepted (ET)
Feb 22, 2016 · 2:05 pm EST
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 |
|---|---|---|---|---|---|---|---|---|
| Common stockF1,F2,F3 | May 24, 2013 | J | 2,656 | — | D | 0 | D | |
| Class A common stockF1,F2,F4 | May 24, 2013 | J | 531 | — | A | 531 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 24, 2013, Otelco Inc. (the "Company") and each of its direct and indirect subsidiaries (together with the Company, the "Debtors") filed voluntary petitions for reorganization under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware in order to effectuate the Debtors' joint prepackaged plan of reorganization (the "Plan"). Prior to the effectiveness of the Plan, each share of the Company's common stock (the "Old Common Stock") was held as part of the Company's Income Deposit Securities ("IDSs"). Each IDS consisted of one share of Old Common Stock and one 13% senior subordinated note due 2019 with a $7.50 principal amount (a "Note").
- F2On May 24, 2013, the Plan became effective, the outstanding shares of Old Common Stock were cancelled, the outstanding Notes, including the outstanding Notes constituting part of the IDSs, were cancelled and the holders of outstanding Notes, including Notes held through IDSs, received their pro rata share of the Company's new Class A common stock (the "New Common Stock"). This report is being filed to report the cancellation of the reporting person's Old Common Stock and the issuance of shares of New Common Stock to the reporting person. Each of the transactions reported on this report is exempt from the provisions of Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to Rule 16b-7 under the Exchange Act.
- F3An aggregate of 105 shares of Old Common Stock were omitted from the reporting person's original Form 4 filing. After reasonable inquiry, the reporting person has been unable to determine when such shares were purchased and the price or prices at which such shares were purchased.
- F4An aggregate of 21 shares of New Common Stock were omitted from the reporting person's original Form 4 filing, and were also omitted from two other Form 4s filed by the reporting person after his original Form 4 was filed.