SEC Form 4/A · accession 0001315255-16-000203
GTT Communications, Inc. · GTT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Chris McKee
Officer — General Counsel and EVP
Period of report
Aug 26, 2016
Accepted (ET)
Sep 6, 2016 · 3:59 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 26, 2016 | M | 19,500 | $20.69 | A | 470,828 | D | |
| Common Stock, par value $.0001 per share | Aug 26, 2016 | M | 40,000 | $20.69 | A | 470,828 | D | |
| Common Stock, par value $.0001 per share | Aug 26, 2016 | M | 40,000 | $20.69 | A | 470,828 | D | |
| Common Stock, par value $.0001 per share | Aug 26, 2016 | M | 10,000 | $20.69 | A | 470,828 | D | |
| Common Stock, par value $.0001 per share | Sep 1, 2016 | S | 7,000 | $21.23 | D | 463,828 | D | |
| Common Stock, par value $.0001 per share | Aug 26, 2016 | F | 7,454 | $20.91 | D | 456,374 | D | |
| Common Stock, par value $.0001 per share | holding | — | — | — | 100,000 | I | By Chris McKee 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)F3 | $1.21 | Aug 26, 2016 | M | 19,500 | A | — | Feb 24, 2021 | Common Stock, par value $.0001 per share | 19,500 | 0 | D |
| Incentive Stock Option (Right to Buy)F4 | $1.75 | Aug 26, 2016 | M | 40,000 | A | — | Feb 23, 2022 | Common Stock, par value $.0001 per share | 40,000 | 0 | D |
| Incentive Stock Option (Right to Buy)F5 | $0.60 | Aug 26, 2016 | M | 40,000 | A | — | May 1, 2018 | Common Stock, par value $.0001 per share | 40,000 | 0 | D |
| Incentive Stock Option (Right to Buy)F6 | $1.24 | Aug 26, 2016 | M | 10,000 | A | — | Mar 5, 2020 | Common Stock, par value $.0001 per share | 10,000 | 0 | D |
Explanation of responses
- F1Open market sale pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 10, 2015 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. as amended, pursuant to which a maximum of 84,000 shares were made available for sale.
- F2Transaction code F is for "payment of tax liability by withholding securities incident to the vesting of a security issued in accordance with Rule 16b-3."
- F3The option vests over four years. Twenty-five percent (25%) of the option vests on February 24, 2012, and the remainder vests in equal quarterly installments beginning on May 24, 2012.
- F4The 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.
- F5The option vests over four years. Twenty-five percent (25%) of the option vests on May 1, 2009, and the remainder vests in equal quarterly installments beginning on August 1, 2009.
- F6The option vests over four years. Twenty-five percent (25%) of the option vests on March 5, 2011, and the remainder vests in equal quarterly installments beginning on June 5, 2011.