SEC Form 4 · accession 0001315255-18-000025
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
Mar 1, 2018
Accepted (ET)
Mar 7, 2018 · 10:38 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 | Mar 1, 2018 | F | 2,352 | $51.70 | D | 457,714 | D | |
| Common Stock, par value $.0001 per share | Mar 2, 2018 | F | 3,333 | $52.00 | D | 454,381 | D | |
| Common Stock, par value $.0001 per share | Mar 5, 2018 | F | 528 | $51.90 | D | 453,853 | D | |
| Common Stock, par value $.0001 per share | Mar 5, 2018 | M | 1,301 | $51.90 | A | 453,853 | D | |
| Common Stock, par value $.0001 per share | Mar 6, 2018 | G | 8,173 | $0.00 | D | 445,680 | 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)F3 | $12.75 | Mar 5, 2018 | M | 491 | A | — | Mar 5, 2024 | Common Stock, par value $.0001 per share | 491 | 0 | D |
| Incentive Stock Option (Right to Buy)F4 | $18.19 | Mar 5, 2018 | M | 344 | A | — | Apr 9, 2025 | Common Stock, par value $.0001 per share | 344 | 0 | D |
| Incentive Stock Option (Right to Buy)F5 | $13.40 | Mar 5, 2018 | M | 466 | A | — | Feb 16, 2026 | Common Stock, par value $.0001 per share | 466 | 0 | D |
Explanation of responses
- F1Transaction code F is for "payment of tax liability by withholding securities incident to the vesting of a security issued in accordance with Rule 16b-3."
- F2Reporting person gifted 8,173 shares to a charitable trust.
- 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.
- F4The 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.
- F5The 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.