SEC Form 4 · accession 0001315255-19-000060
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 6, 2019
Accepted (ET)
Mar 7, 2019 · 2:11 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 | Mar 6, 2019 | M | 1,620 | $29.84 | D | 488,454 | D | |
| Common Stock, par value $.0001 per share | Mar 6, 2019 | S | 3,584 | $32.11 | D | 34,136 | 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)F2 | $18.19 | Mar 6, 2019 | M | 687 | A | — | Apr 9, 2025 | Common Stock, par value $.0001 per share | 687 | 0 | D |
| Incentive Stock Option (Right to Buy)F3 | $13.40 | Mar 6, 2019 | M | 933 | A | — | Feb 16, 2026 | Common Stock, par value $.0001 per share | 933 | 0 | D |
Explanation of responses
- F1Proceeds from sale were donated to charity
- 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.