SEC Form 4 · accession 0001127602-16-036478
NTELOS HOLDINGS CORP. · NTLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rodney D Dir
Officer — Chief Executive Officer · Director
Period of report
Jan 4, 2016
Accepted (ET)
Jan 6, 2016 · 5:39 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001328571
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom SharesF1,F2 | — | Jan 4, 2016 | A | 58,124 | A | Jan 4, 2019 | Jan 4, 2019 | Common Stock, Par Value $0.01 Per Share | 58,124 | 58,124 | D |
Explanation of responses
- F1Each Phantom Share may be settled upon vesting by delivery of either, at Issuer's option, (i) one share of Issuer's common stock or (ii) cash equal to the market price of one share of Issuer's common stock.
- F2Phantom Shares cliff vest on January 4, 2019 subject to continued service as a consultant or employee of Issuer and/or its affiliate. In the event that the reporting person's services or employment, as applicable, is terminated for any reason other than death, disability, for cause, or voluntarily by the reporting person, a pro rata portion of the Phantom Shares (based on the number of days elapsed) shall vest on the termination date. In the event of death or disability, all Phantom Shares shall immediately vest.