SEC Form 4 · accession 0001315255-17-000160
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 15, 2017
Accepted (ET)
Dec 18, 2017 · 2:24 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 15, 2017 | M | 1,939 | $42.95 | A | 476,804 | D | |
| Common Stock, par value $.0001 per share | Dec 15, 2017 | G | 1,557 | $0.00 | D | 475,247 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non Qualified Stock Option (Right to Buy)F2 | $12.75 | Dec 15, 2017 | M | 1,529 | A | — | Mar 5, 2024 | Common Stock, par value $.0001 per share | 1,529 | 0 | D |
| Non Qualified Stock Option (Right to Buy)F3 | $13.40 | Dec 15, 2017 | M | 371 | A | — | Feb 16, 2026 | Common Stock, par value $.0001 per share | 371 | 0 | D |
| Non Qualified Stock Option (Right to Buy)F3 | $13.40 | Dec 15, 2017 | M | 39 | A | — | Feb 16, 2026 | Common Stock, par value $.0001 per share | 39 | 0 | D |
Explanation of responses
- F1Reporting person gifted 1,557 shares.
- 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 February 16, 2017, and the remainder vests in equal quarterly installments beginning on May 16, 2017.