SEC Form 4 · accession 0001209191-16-101875
Inteliquent, Inc. · IQNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Carter Jr.
Officer — President and CEO · Director
Period of report
Feb 22, 2016
Accepted (ET)
Feb 24, 2016 · 4:12 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 shareF1 | Feb 22, 2016 | A | 8,939 | $0.00 | A | 31,149 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (right to purchase)F2 | $16.78 | Feb 22, 2016 | A | 27,360 | A | — | Feb 22, 2026 | Common Stock | 27,360 | 27,360 | D |
| Performance Stock UnitsF3 | — | Feb 22, 2016 | A | 17,878 | A | — | Mar 15, 2019 | Common Stock | 17,878 | 17,878 | D |
Explanation of responses
- F1One-quarter of the securities to which this note relates vest on February 22, 2017; the remaining three-quarters of the securities vest in equal annual installments on the second, third and fourth anniversary following February 22, 2017.
- F2One-quarter of the options to which this note relates vest on February 22, 2017; the remaining three-quarters of the options vest in equal annual installments on the second, third and fourth anniversary following February 22, 2017.
- F3Each performance stock unit represents a contingent right to receive between 0 and 2 shares of Inteliquent, Inc. common stock. The number of performance stock units reported represents the target amount. The actual number of shares to be delivered will be based on the total shareholder return of Inteliquent, Inc. over a three-year 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. The actual number of shares delivered could equal 200% of the target amount. The performance stock units will settle as soon as practicable after January 1, 2019 but no later than March 15, 2019.