SEC Form 4 · accession 0001315255-17-000037
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 14, 2017
Accepted (ET)
Mar 15, 2017 · 4:42 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 14, 2017 | M | 1,875 | $23.55 | A | 1,210,721 | D | |
| Common Stock, par value $.0001 per share | Mar 14, 2017 | M | 2,404 | $23.55 | A | 1,210,721 | D | |
| Common Stock, par value $.0001 per share | Mar 14, 2017 | M | 1,605 | $23.55 | A | 1,210,721 | D | |
| Common Stock, par value $.0001 per share | Mar 14, 2017 | M | 490 | $23.55 | A | 1,210,721 | D | |
| Common Stock, par value $.0001 per shareF1 | Mar 14, 2017 | G | 2,400 | $0.00 | D | 1,208,321 | D | |
| Common Stock, par value $.0001 per share | holding | — | — | — | 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)F2 | $13.40 | Mar 14, 2017 | M | 1,605 | A | — | Feb 16, 2026 | Common Stock, par value $.0001 per share | 1,605 | 1,605 | D |
| Incentive Stock Option (Right to Buy)F3 | $18.19 | Mar 14, 2017 | M | 2,404 | A | — | Apr 9, 2025 | Common Stock, par value $.0001 per share | 2,404 | 2,404 | D |
| Incentive Stock Option (Right to Buy)F4 | $12.75 | Mar 14, 2017 | M | 490 | A | — | Mar 5, 2024 | Common Stock, par value $.0001 per share | 490 | 490 | D |
| Incentive Stock Option (Right to Buy)F5 | $3.30 | Mar 14, 2017 | M | 1,875 | A | — | Apr 4, 2023 | Common Stock, par value $.0001 per share | 1,875 | 1,875 | D |
Explanation of responses
- F1Reporting person gifted 2,400 shares.
- F2The option vests over four years. Twenty-five percent (25%) of the option vests on February 16, 2017, and the remainder vests in equal quarterly installments beginning on May 16, 2017.
- F3The option vests over four years. Twenty-five percent (25%) of the option vests on April 9, 2016, and the remainder vests in equal quarterly installments beginning on July 9, 2016.
- F4The 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.
- F5The 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.