SEC Form 4 · accession 0001315255-15-000037
GTT Communications, Inc. · GTT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Calder
Officer — President and CEO · Director
Period of report
Aug 3, 2015
Accepted (ET)
Aug 13, 2015 · 5:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001315255
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.0001 per share | Aug 3, 2015 | M | 11,000 | $1.75 | A | 1,649,518 | D | |
| Common Stock, par value $.0001 per share | Aug 3, 2015 | M | 125 | $1.75 | A | 1,649,518 | D | |
| Common Stock, par value $.0001 per share | Aug 3, 2015 | M | 1,875 | $3.30 | A | 1,649,518 | D | |
| Common Stock, par value $.0001 per share | Aug 3, 2015 | M | 3,000 | $3.30 | A | 1,649,518 | D | |
| Common Stock, par value $.0001 per share | Aug 3, 2015 | M | 490 | $12.75 | A | 1,649,518 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non Qualified Stock Option (Right to Buy)F1 | $1.75 | Aug 3, 2015 | M | 11,000 | A | — | Feb 23, 2022 | Common Stock, par value $.0001 per share | 11,000 | 0 | D |
| Non Qualified Stock Option (Right to Buy)F2 | $1.75 | Aug 3, 2015 | M | 125 | A | — | Feb 23, 2022 | Common Stock, par value $.0001 per share | 125 | 187 | D |
| Incentive Stock Option (Right to Buy)F3 | $3.30 | Aug 3, 2015 | M | 1,875 | A | — | Apr 4, 2023 | Common Stock, par value $.0001 per share | 1,875 | 13,125 | D |
| Non Qualified Stock Option (Right to Buy)F4 | $3.30 | Aug 3, 2015 | M | 3,000 | A | — | Apr 4, 2023 | Common Stock, par value $.0001 per share | 3,000 | 6,000 | D |
| Incentive Stock Option (Right to Buy)F5 | $12.75 | Aug 3, 2015 | M | 490 | A | — | Mar 5, 2024 | Common Stock, par value $.0001 per share | 490 | 5,392 | D |
Explanation of responses
- F1The option vests over one year once the performance goals are obtained. Twenty-five percent (25%) of the option vests on November 1, 2014, and the remainder vests in equal quarterly installments beginning on February 1, 2015.
- F2The option vests over four years. Twenty-five percent (25%) of the option vests on February 23, 2013, and the remainder vests in equal quarterly installments beginning on May 23, 2013.
- F3The option vests over four years. Twenty-five percent (25%) of the option vests on April 4, 2014, and the remainder vests in equal quarterly installments beginning on July 4, 2014.
- F4The option vests over four years. Twenty-five percent (25%) of the option vests on April 4, 2014, and the remainder vests in equal annual installments beginning on April 4, 2015.
- F5The option vests over four years. Twenty-five percent (25%) of the option vests on March 5, 2015, and the remainder vests in equal quarterly installments beginning on June 5, 2015.