SEC Form 4 · accession 0001127602-16-044603
NTELOS HOLDINGS CORP. · NTLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert L. McAvoy Jr.
Officer — EVP, Chief Technology Officer
Period of report
Feb 29, 2016
Accepted (ET)
Mar 2, 2016 · 5:57 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001328571
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01 Per Share | Feb 29, 2016 | M | 1,024 | $0.00 | A | 111,695 | D | |
| Common Stock, Par Value $0.01 Per Share | holding | — | — | — | 4,409 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom SharesF1 | — | Feb 29, 2016 | A | 38,126 | A | Feb 28, 2019 | Feb 28, 2019 | Common Stock | 38,126 | 38,126 | D |
| Performance Stock UnitsF2 | — | Feb 29, 2016 | A | 79 | A | — | — | Common Stock | 79 | 278 | D |
| Performance Stock UnitsF3 | — | Feb 29, 2016 | A | 73 | A | — | — | Common Stock | 73 | 1,024 | D |
| Performance Stock UnitsF4 | — | Feb 29, 2016 | M | 1,024 | D | — | — | Common Stock | 1,024 | 0 | 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.
- F2Each earned Performance Stock Unit ("PSU") is settled by delivery of one share of common stock, including accrued reinvested dividends, through the final vesting date. Subject to the terms of the PSU Awards, each PSU will vest upon certification of achievement following completion of Issuer's fiscal year ending December 31, 2016.
- F3Each earned Performance Stock Unit ("PSU") is settled by delivery of one share of common stock, including accrued reinvested dividends, through the final vesting date. Subject to the terms of the PSU Awards, each PSU was certified as earned and vested on February 29, 2016.
- F4Each earned and vested Performance Stock Unit ("PSU") was settled by delivery of one share of common stock.