SEC Form 4 · accession 0001245105-16-000091
Uniti Group Inc. · UNIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Frey
Director
Period of report
Aug 9, 2016
Accepted (ET)
Aug 11, 2016 · 6:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001620280
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Aug 9, 2016 | A | 1,628 | $0.00 | A | 1,628 | D | |
| Common StockF3,F2 | Aug 9, 2016 | A | 3,256 | $0.00 | A | 4,884 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Subject to the reporting person's continued service on the issuer's board of directors, these shares will vest in full on August 9, 2017.
- F2The reporting person holds any stock, stock options, restricted stock or stock units or other rights to purchase or receive stock issued to him as compensation for his services as a director of the issuer as a nominee, and for the benefit, of Searchlight II CLS, L.P. (Searchlight). Searchlight may be deemed a "director by deputization" of the issuer by virtue of Searchlight's right to nominate one director to serve on the issuer's board of directors. The reporting person, a partner of Searchlight Capital, L.P., an affiliate of Searchlight, serves as a director of the issuer as a nominee of Searchlight. As a result, Searchlight is deemed to have a pecuniary interest in these shares, and the reporting person hereby disclaims beneficial ownership of all securities, and this report shall not be deemed an admission that he is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F3Subject to the reporting person's continued service on the issuer's board of directors, these shares vest in four equal installments on August 9 of each year, with the first vesting date being August 9, 2017.