SEC Form 4 · accession 0001209191-16-097282

Inteliquent, Inc. · IQNT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Executive Officer · Director

Period of report

Feb 8, 2016

Accepted (ET)

Feb 10, 2016 · 4:17 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001292653

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock, par value $0.001 per share^F1	Feb 8, 2016	M	8,258	—	A	25,132	D
Common Stock, par value $0.001 per share^F2	Feb 8, 2016	F	2,922	$17.17	D	22,210	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Stock Units^F1	—	Feb 8, 2016	M	5,625	D	—	Mar 15, 2016	Common Stock	8,258	0	D

F1Each performance stock unit was granted in 2015 and represented a contingent right to receive between 0 and 2 shares of Inteliquent, Inc. common stock. The actual number of shares delivered was based on the total shareholder return of Inteliquent, Inc. over an 18-month measuring period weighted (i) two-thirds against the total shareholder return of all companies in the S&P 500 Index and (ii) one-third against the total shareholder return of all companies in the S&P Small Cap 600 Telecommunications Services Index (together, the "TSR Metric"). 5,625 shares of common stock represented the target amount of the award. These target shares converted to 7,988 shares of common stock, using a TSR metric of 142%. Additionally, 270 shares of common stock, representing accumulated dividends paid during the performance period were granted, for a total of 8,258 shares of common stock granted.
F2The reported disposition represents the withholding of shares to cover tax obligations arising from the vesting of restricted stock.