DOWLING RICHARD P 4

4 · GENERAL COMMUNICATION INC · Filed Sep 10, 2009

Form 4

Period: 2009-09-08

Sr VP

Transactions

Award
Class A Common Stock
2009-09-08+94,834→ 98,720 total
Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2009-09-08−175,000→ 0 total
Exercise: $6.50From: 2001-03-14Exp: 2010-03-14→ Class A Common Stock (175,000 underlying)
Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2009-09-08−150,000→ 0 total
Exercise: $7.25From: 2003-02-08Exp: 2012-02-08→ Class A Common Stock (150,000 underlying)

Holdings

Footnotes (3)

[F1]On September 8, 2009, the issuer canceled each of the options set forth in Table II above pursuant to the issuer's option exchange program. In exchange for the options, the reporting person received the restricted shares of Class A Common Stock (the "Restricted Stock") set forth in Table I above. 50% of the shares of Restricted Stock will vest on December 20, 2011, and the remaining 50% of the shares of Restricted Stock will vest on February 28, 2012.
[F2]Shares owned by the Company on behalf of the reporting person pursuant to a deferred compensation agreement whereby the shares will ultimately be distributed to the reporting person.
[F3]All shares owned by virtue of participation in the Company's Employee Stock Purchase Plan through December 31, 2008.

Documents

2 files