SEC Form 4 · accession 0001140361-18-024147
SHENANDOAH TELECOMMUNICATIONS CO/VA/ · SHEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L Heimbach
Officer — Executive VP & COO
Period of report
May 15, 2018
Accepted (ET)
May 16, 2018 · 2:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000354963
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock OptionF1 | $31.05 | May 15, 2018 | A | 6,864 | A | — | May 15, 2028 | Common Stock | 6,864 | 6,864 | D |
| Rstricted Stock UnitF2,F3 | — | May 15, 2018 | A | 4,026 | A | — | May 15, 2022 | Common Stock | 4,026 | 10,890 | D |
Explanation of responses
- F1The option will vest one-fifth on each the third through seventh anniversaries. 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.
- F2Each restricted stock unit represents a contingent right to receive one share of common stock.
- F3The restricted stock unit will vest one-fourth on each of the first through fourth anniversaries of the grant subject to the continuous employment of 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.