SEC Form 4 · accession 0001315255-18-000138
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
Aug 20, 2018
Accepted (ET)
Aug 22, 2018 · 5:40 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 20, 2018 | F | 1,592 | $38.35 | D | 1,216,904 | D | |
| Common Stock, par value $.0001 per share | Aug 21, 2018 | M | 810 | $40.05 | A | 1,216,904 | 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 | $18.19 | Aug 20, 2018 | M | 344 | A | — | Apr 9, 2025 | Common Stock, par value $.0001 per share | 344 | 0 | D |
| Incentive Stock Option (Right to Buy)F3 | $13.40 | Aug 20, 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."
- F2The 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.
- 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.