SEC Form 4 · accession 0001315255-18-000190
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
Dec 14, 2018
Accepted (ET)
Dec 17, 2018 · 12:26 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 14, 2018 | M | 810 | $28.72 | A | 1,314,619 | 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)F1 | $18.19 | Dec 14, 2018 | M | 343 | A | — | Apr 9, 2025 | Common Stock, par value $.0001 per share | 343 | 0 | D |
| Incentive Stock Option (Right to Buy)F2 | $13.40 | Dec 14, 2018 | M | 467 | A | — | Feb 16, 2026 | Common Stock, par value $.0001 per share | 467 | 0 | D |
Explanation of responses
- F1The 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.
- 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.