SEC Form 4 · accession 0001140361-16-053287

· SHEN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).

Reporting owner

Christopher E French

Officer — President · Director

Period of report

Feb 12, 2016

Accepted (ET)

Feb 16, 2016 · 4:30 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 12, 2016	A	46,862	$12.63	A	380,720	D
Common Stock^F1	Feb 12, 2016	F	28,128	$21.95	D	352,592	D
Common Stock^F2	holding	—	—		—	110,460	I	By Spouse
Common Stock^F3	holding	—	—		—	13,668	I	By Son
Common Stock^F5,F4	holding	—	—		—	152,620	I	TTEE French Grandchildren Trust
Common Stock^F6,F4	holding	—	—		—	397,812	I	TTEE U/A WBF fbo Grandchildren
Common Stock^F7,F4	holding	—	—		—	339,966	I	TTEE WBF fbo Anne
Common Stock^F8,F4	holding	—	—		—	339,966	I	TTEE WBF fbo Christopher
Common Stock^F9,F4	holding	—	—		—	150,864	I	TTEE WBF fbo Cynthia
Common Stock^F10,F4	holding	—	—		—	6,480	I	TTEE Gladys H Teale Trust

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Incentive Stock Option^F11	$12.63	Feb 12, 2016	X	46,862	D	—	Feb 16, 2016	Common Stock	46,862	487,274	D

Explanation of responses

F1On December 31, 2015, the common stock of Shenandoah Telecommunications Company split two-for-one, resulting in the reporting person's acquisition of 166,929 additional shares of common stock.
F10On December 31, 2015, the common stock of Shenandoah Telecommunications Company split two-for-one, resulting in the reporting person's acquisition of 3,240 additional shares of common stock.
F11The option vests 1/4 on each the first, second, third and fourth anniversary. The option (and shares Issuable upon exercise of the option) are subject to cancellation and forfeiture in accordance with the Company's executive compensation recovery policy.
F2On December 31, 2015, the common stock of Shenandoah Telecommunications Company split two-for-one, resulting in the reporting person's acquisition of 55,230 additional shares of common stock.
F3On December 31, 2015, the common stock of Shenandoah Telecommunications Company split two-for-one, resulting in the reporting person's acquisition of 6,834 additional shares of common stock.
F4These shares are held in trust for the benefit of certain relatives of Mr. French. Mr. French disclaims beneficial ownership of the shares as to which he has no pecuniary interest and this filing is not an admission that Mr. French is the beneficial owner of such shares.
F5On December 31, 2015, the common stock of Shenandoah Telecommunications Company split two-for-one, resulting in the reporting person's acquisition of 76,310 additional shares of common stock.
F6On December 31, 2015, the common stock of Shenandoah Telecommunications Company split two-for-one, resulting in the reporting person's acquisition of 198,906additional shares of common stock.
F7On December 31, 2015, the common stock of Shenandoah Telecommunications Company split two-for-one, resulting in the reporting person's acquisition of 169,983 additional shares of common stock.
F8On December 31, 2015, the common stock of Shenandoah Telecommunications Company split two-for-one, resulting in the reporting person's acquisition of 169,983 additional shares of common stock.
F9On December 31, 2015, the common stock of Shenandoah Telecommunications Company split two-for-one, resulting in the reporting person's acquisition of 75,432 additional shares of common stock.