SEC Form 4 · accession 0001315255-17-000107
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
Aug 25, 2017
Accepted (ET)
Aug 29, 2017 · 11:18 am 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 25, 2017 | M | 1,234 | $28.80 | A | 1,147,606 | 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)F1 | $12.75 | Aug 25, 2017 | M | 490 | A | — | Mar 5, 2024 | Common Stock, par value $.0001 per share | 490 | 0 | D |
| Incentive Stock Option (Right to Buy)F2 | $18.19 | Aug 25, 2017 | M | 343 | A | — | Apr 9, 2025 | Common Stock, par value $.0001 per share | 343 | 0 | D |
| Incentive Stock Option (Right to Buy)F3 | $13.40 | Aug 25, 2017 | M | 401 | A | — | Feb 16, 2026 | Common Stock, par value $.0001 per share | 401 | 0 | D |
Explanation of responses
- F1(4) The 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.
- F2The 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.
- F3The 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.