SEC Form 4 · accession 0001315255-18-000132
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
Aug 16, 2018
Accepted (ET)
Aug 17, 2018 · 7:20 pm EDT
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 | Aug 16, 2018 | F | 756 | $40.00 | D | 416,266 | D | |
| Common Stock, par value $.0001 per share | Aug 16, 2018 | M | 1,619 | $40.00 | A | 416,266 | D | |
| Common Stock, par value $.0001 per share | Aug 16, 2018 | S | 2,211 | $40.05 | D | 414,055 | D | |
| Common Stock, par value $.0001 per share | Aug 16, 2018 | G | 3,104 | $0.00 | D | 37,720 | 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)F4 | $13.40 | Aug 16, 2018 | M | 932 | A | — | Feb 16, 2026 | Common Stock, par value $.0001 per share | 932 | 0 | D |
| Incentive Stock Option (Right to Buy)F5 | $18.19 | Aug 16, 2018 | M | 687 | A | — | Apr 9, 2025 | Common Stock, par value $.0001 per share | 687 | 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."
- F2Open market sale pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 13, 2017 as amended August 13,2018 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. as amended, pursuant to which a maximum of 84,000 shares were made available for sale.
- F3Chris McKee LLC Trust gifted 3,104 shares to charity. The Reporting Person is the trustee of the Chris McKee LLC Trust, which is the direct beneficial owner of the shares.
- F4The 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.
- F5The 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.