SEC Form 4 · accession 0001315255-16-000236
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 9, 2016
Accepted (ET)
Dec 13, 2016 · 12:03 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 9, 2016 | M | 490 | $26.85 | A | 1,275,781 | D | |
| Common Stock, par value $.0001 per shareF1 | Dec 9, 2016 | G | 83,716 | $0.00 | D | 1,192,065 | D | |
| Common Stock, par value $.0001 per shareF2 | Dec 9, 2016 | G | 83,716 | $0.00 | A | 495,481 | 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)F3 | $12.75 | Dec 9, 2016 | M | 490 | A | — | Mar 5, 2024 | Common Stock, par value $.0001 per share | 490 | 490 | D |
Explanation of responses
- F1This reflects the remaining direct ownership after the gift transaction.
- F2The Reporting Person is the trustee of Rick Calder LLC Trust, which is the direct beneficial owner of the shares.
- 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.