SEC Form 4 · accession 0001315255-17-000136
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
Nov 6, 2017
Accepted (ET)
Nov 9, 2017 · 10:50 am 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 | Nov 6, 2017 | M | 3,834 | $36.75 | A | 1,273,679 | D | |
| Common Stock, par value $.0001 per share | Nov 8, 2017 | M | 3,000 | $36.95 | A | 1,273,679 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non Qualified Stock Option (Right to Buy)F1 | $3.30 | Nov 6, 2017 | M | 3,000 | A | — | Apr 4, 2023 | Common Stock, par value $.0001 per share | 3,000 | 0 | D |
| Incentive Stock Option (Right to Buy)F2 | $12.75 | Nov 6, 2017 | M | 490 | A | — | Mar 5, 2024 | Common Stock, par value $.0001 per share | 490 | 0 | D |
| Incentive Stock Option (Right to Buy)F3 | $18.19 | Nov 6, 2017 | M | 344 | A | — | Apr 9, 2025 | Common Stock, par value $.0001 per share | 344 | 0 | D |
| Non Qualified Stock Option (Right to Buy)F1 | $3.30 | Nov 8, 2017 | M | 3,000 | A | — | Apr 4, 2023 | Common Stock, par value $.0001 per share | 3,000 | 0 | D |
Explanation of responses
- F1The 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.
- F2The 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.
- 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.