SEC Form 4 · accession 0001140361-15-008639
SHENANDOAH TELECOMMUNICATIONS CO/VA/ · SHEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William L Pirtle
Officer — VP - Wireless
Period of report
Feb 20, 2015
Accepted (ET)
Feb 24, 2015 · 3:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000354963
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 20, 2015 | A | 894 | $29.62 | A | 23,652 | D | |
| Common Stock | Feb 20, 2015 | F | 343 | $29.62 | D | 23,309 | D | |
| Common Stock | Feb 21, 2015 | A | 724 | $29.71 | A | 24,033 | D | |
| Common Stock | Feb 21, 2015 | F | 236 | $29.71 | D | 23,797 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 20, 2015 | M | 894 | D | — | Feb 20, 2016 | Common Stock | 894 | 17,075 | D |
| Restricted Stock UnitsF1,F2 | — | Feb 21, 2015 | M | 724 | D | — | Feb 21, 2015 | Common Stock | 724 | 16,351 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock.
- F2The restricted stock units vest 1/4 on each the first, second, third and fourth anniversary subject to the continuous employment by the Company or one of its affiliates until the date of vesting. Vested shares will be delivered to the reporting person on the vesting date. The restricted stock units are subject to forfeiture in accordance with the Company's executive compensation recovery policy.