SEC Form 4 · accession 0001315255-15-000041
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
Sep 11, 2015
Accepted (ET)
Sep 29, 2015 · 3:47 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 | Sep 11, 2015 | M | 490 | $12.75 | A | 1,653,144 | D | |
| Common Stock, par value $.0001 per share | Sep 11, 2015 | M | 3,562 | $1.75 | A | 1,653,144 | D | |
| Common Stock, par value $.0001 per share | Sep 11, 2015 | M | 62 | $1.75 | A | 1,653,144 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (Right to Buy)F1 | $12.75 | Sep 11, 2015 | M | 490 | A | — | Mar 2, 2024 | Common Stock, par value $.0001 per share | 490 | 0 | D |
| Incentive Stock Option (Right to Buy)F2 | $1.75 | Sep 11, 2015 | M | 3,562 | A | — | Feb 23, 2022 | Common Stock, par value $.0001 per share | 3,562 | 3,563 | D |
| Non Qualified Stock Option (Right to Buy)F2 | $1.75 | Sep 11, 2015 | M | 62 | A | — | Feb 23, 2022 | Common Stock, par value $.0001 per share | 62 | 63 | D |
Explanation of responses
- F1This 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.
- 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.