SEC Form 4 · accession 0001315255-17-000148
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 22, 2017
Accepted (ET)
Nov 27, 2017 · 11:20 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 22, 2017 | M | 857 | $40.30 | A | 1,273,369 | D | |
| Common Stock, par value $.0001 per share | Nov 22, 2017 | G | 4,150 | $0.00 | D | 1,269,219 | 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 | Nov 22, 2017 | M | 402 | A | — | Feb 16, 2026 | Common Stock, par value $.0001 per share | 402 | 0 | D |
| Common Stock, par value $.0001 per shareF2 | $13.40 | Nov 22, 2017 | M | 455 | A | — | Feb 16, 2026 | Common Stock, par value $.0001 per share | 455 | 0 | D |
Explanation of responses
- F1Reporting person gifted 4,150 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.