SEC Form 4 · accession 0001315255-16-000137
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
Mar 16, 2016
Accepted (ET)
Mar 17, 2016 · 4:27 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 | Mar 16, 2016 | M | 7,125 | $15.53 | A | 1,463,843 | D | |
| Common Stock, par value $.0001 per share | Mar 16, 2016 | M | 1,875 | $15.53 | A | 1,463,843 | D | |
| Common Stock, par value $.0001 per share | Mar 16, 2016 | M | 125 | $15.53 | A | 1,463,843 | D | |
| Common Stock, par value $.0001 per share | holding | — | — | — | 411,765 | I | By Rick Calder LLC Trust |
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 | $1.75 | Mar 16, 2016 | M | 7,125 | A | — | Feb 23, 2022 | Common Stock, par value $.0001 per share | 7,125 | 0 | D |
| Incentive Stock Option (Right to Buy)F2 | $3.30 | Mar 16, 2016 | M | 1,875 | A | — | Apr 4, 2023 | Common Stock, par value $.0001 per share | 1,875 | 0 | D |
| Non Qualified Stock Option (Right to Buy)F1 | $1.75 | Mar 16, 2016 | M | 125 | A | — | Feb 23, 2022 | Common Stock, par value $.0001 per share | 125 | 0 | D |
Explanation of responses
- F1The 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.
- F2The 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.