SEC Form 4 · accession 0001140361-17-008340
SHENANDOAH TELECOMMUNICATIONS CO/VA/ · SHEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William L Pirtle
Officer — SR VP - Marketing & Sales
Period of report
Feb 16, 2017
Accepted (ET)
Feb 21, 2017 · 4:28 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 16, 2017 | A | 990 | $0.00 | A | 60,662 | D | |
| Common Stock | Feb 16, 2017 | F | 304 | $27.90 | D | 60,358 | D | |
| Common Stock | Feb 16, 2017 | A | 907 | $0.00 | A | 61,265 | D | |
| Common Stock | Feb 16, 2017 | F | 278 | $27.90 | D | 60,987 | 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 16, 2017 | M | 990 | D | — | Feb 21, 2019 | Common Stock | 990 | 17,579 | D |
| Restricted Stock UnitsF1,F2 | — | Feb 16, 2017 | M | 907 | D | — | Feb 20, 2020 | Common Stock | 907 | 16,672 | 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 the third Thursday of each February beginning in 2016 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 policy.