SEC Form 4 · accession 0001315255-16-000232
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
Dec 1, 2016
Accepted (ET)
Dec 5, 2016 · 2:16 pm EST
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 | Dec 1, 2016 | M | 1,875 | $24.90 | A | 1,283,344 | D | |
| Common Stock, par value $.0001 per share | Dec 1, 2016 | M | 491 | $24.90 | A | 1,283,344 | D | |
| Common Stock, par value $.0001 per share | Dec 1, 2016 | F | 6,363 | $24.90 | D | 1,276,981 | 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)F2 | $3.30 | Dec 1, 2016 | M | 1,875 | A | — | Apr 4, 2023 | Common Stock, par value $.0001 per share | 1,875 | 1,875 | D |
| Incentive Stock Option (Right to Buy)F3 | $12.75 | Dec 1, 2016 | M | 491 | A | — | Mar 5, 2024 | Common Stock, par value $.0001 per share | 491 | 491 | D |
Explanation of responses
- F1Transaction code F is for "payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise, or vesting of a security issued in accordance with Rule 16b-3."
- 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.
- F3The 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.