SEC Form 4 · accession 0001127602-16-044605
NTELOS HOLDINGS CORP. · NTLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Craig Highland
Officer — SVP - Finance and Corp. Dev.
Period of report
Feb 29, 2016
Accepted (ET)
Mar 2, 2016 · 5:59 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 | 824 | $0.00 | A | 66,282 | D | |
| Common Stock, Par Value $0.01 Per Share | holding | — | — | — | 4,185 | I | By 401(k) Plan | |
| Common Stock, Par Value $0.01 Per ShareF1 | holding | — | — | — | 223 | I | By Daughter | |
| Common Stock, Par Value $0.01 Per ShareF1 | holding | — | — | — | 223 | I | By Son |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom SharesF2 | — | Feb 29, 2016 | A | 22,395 | A | Feb 28, 2019 | Feb 28, 2019 | Common Stock | 22,395 | 22,395 | D |
| Performance Stock UnitsF3 | — | Feb 29, 2016 | A | 44 | A | — | — | Common Stock | 44 | 156 | D |
| Performance Stock UnitsF4 | — | Feb 29, 2016 | A | 59 | A | — | — | Common Stock | 59 | 824 | D |
| Performance Stock UnitsF5 | — | Feb 29, 2016 | M | 824 | D | — | — | Common Stock | 824 | 0 | D |
Explanation of responses
- F1The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F2Each 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.
- 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 will vest upon certification of achievement following completion of Issuer's fiscal year ending December 31, 2016.
- F4Each 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.
- F5Each earned and vested Performance Stock Unit ("PSU") was settled by delivery of one share of common stock.