SEC Form 4 · accession 0001140361-17-008343
SHENANDOAH TELECOMMUNICATIONS CO/VA/ · SHEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher E French
Officer — President · Director
Period of report
Feb 16, 2017
Accepted (ET)
Feb 21, 2017 · 4:34 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 | 2,710 | $0.00 | A | 139,452 | D | |
| Common Stock | Feb 16, 2017 | F | 833 | $27.90 | D | 138,619 | D | |
| Common Stock | Feb 16, 2017 | A | 2,473 | $0.00 | A | 141,092 | D | |
| Common Stock | Feb 16, 2017 | F | 760 | $27.90 | D | 140,332 | D | |
| Common Stock | holding | — | — | — | 64,296 | I | By Spouse | |
| Common Stock | holding | — | — | — | 13,668 | I | By Son | |
| Common StockF1 | holding | — | — | — | 152,620 | I | TTEE French Grandchildren Trust | |
| Common StockF1 | holding | — | — | — | 397,812 | I | TTEE U/A WBF fbo Grandchildren | |
| Common StockF1 | holding | — | — | — | 339,966 | I | TTEE WBF fbo Anne | |
| Common StockF1 | holding | — | — | — | 146,249 | I | TTEE WBF fbo Cynthia | |
| Common StockF1 | holding | — | — | — | 339,966 | I | TTEE WBF fbo Christopher | |
| Common StockF1 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Feb 16, 2017 | M | 2,710 | D | — | Feb 21, 2019 | Common Stock | 2,710 | 88,619 | D |
| Restricted Stock UnitsF2,F3 | — | Feb 16, 2017 | M | 2,473 | D | — | Feb 20, 2020 | Common Stock | 2,473 | 86,146 | D |
Explanation of responses
- F1These 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.
- F2Each restricted stock unit represents a contingent right to receive one share of common stock.
- F3The 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.