SEC Form 4 · accession 0001315255-17-000158
GTT Communications, Inc. · GTT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chris McKee
Officer — General Counsel and EVP
Period of report
Dec 8, 2017
Accepted (ET)
Dec 12, 2017 · 3:13 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 8, 2017 | M | 918 | $40.10 | A | 480,052 | D | |
| Common Stock, par value $.0001 per share | Dec 8, 2017 | G | 4,086 | $0.00 | D | 475,966 | D | |
| Common Stock, par value $.0001 per share | holding | — | — | — | 35,758 | I | By Chris McKee 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 | Dec 8, 2017 | M | 428 | A | — | Feb 16, 2026 | Common Stock, par value $.0001 per share | 428 | 0 | D |
| Incentive Stock Option (Right to Buy)F3 | $12.75 | Dec 8, 2017 | M | 490 | A | — | Mar 5, 2024 | Common Stock, par value $.0001 per share | 490 | 0 | D |
Explanation of responses
- F1Reporting person gifted 4,086 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 March 5, 2015, and the remainder vests in equal quarterly installments beginning on June 5, 2015.