4//SEC Filing
FAIRPOINT COMMUNICATIONS INC 4
Accession 0000895813-17-000052
CIK 0001062613operating
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 3:40 PM ET
Size
27.2 KB
Accession
0000895813-17-000052
Insider Transaction Report
Form 4
Turner Karen Dickerson
SVP, Strategy & Bus. Support
Transactions
- Disposition to Issuer
Stock Options
2017-07-03−14,700→ 0 totalExercise: $14.73Exp: 2025-01-22→ Common Stock (14,700 underlying) - Disposition to Issuer
Stock Options
2017-07-03−25,000→ 0 totalExercise: $14.14Exp: 2026-08-15→ Common Stock (25,000 underlying) - Disposition to Issuer
Common Stock, par value $0.01 per share
2017-07-03−39,328→ 0 total - Disposition to Issuer
Stock Options
2017-07-03−12,000→ 0 totalExercise: $14.61Exp: 2026-01-22→ Common Stock (12,000 underlying) - Award
Common Stock, par value $0.01 per share
2017-07-03+12,000→ 52,265 total - Disposition to Issuer
Stock Options
2017-07-03−6,000→ 0 totalExercise: $13.60Exp: 2024-05-12→ Common Stock (6,000 underlying) - Tax Payment
Common Stock, par value $0.01 per share
2017-07-03−3,956→ 48,309 total - Tax Payment
Common Stock, par value $0.01 per share
2017-07-03−8,981→ 39,328 total
Footnotes (8)
- [F1]Represents performance shares granted under the The FairPoint Communications, Inc. Amended and Restated 2010 Long Term Incentive Plan (the "LTIP") that became fully vested (at the 100% level) pursuant to an agreement and plan of merger (as amended, the "Merger Agreement") among FairPoint Communications, Inc. ("FairPoint"), Consolidated Communications Holdings, Inc. ("Consolidated") and Falcon Merger Sub, Inc.
- [F2]In connection with the merger, 3,956 FairPoint performance shares were forfeited by the Reporting Person to satisfy applicable withholding tax obligations with respect to the vesting of the performance shares on such date. No consideration was received by the Reporting Person for the Reporting Person's forfeiture of the performance shares.
- [F3]Pursuant to the Merger Agreement, each of the Reporting Person's FairPoint restricted shares issued pursuant to the LTIP, to the extent outstanding and subject to vesting or forfeiture conditions (whether time-based or performance-based), became fully vested or released from such forfeiture conditions as of the effective time of the merger. In connection with the merger, 8,981 FairPoint restricted shares were forfeited by the Reporting Person to satisfy applicable withholding tax obligations with respect to the vesting of restricted shares on such date. No consideration was received by the Reporting Person for the Reporting Person's forfeiture of the restricted shares.
- [F4]Disposed of pursuant to the Merger Agreement in exchange for 28,709 shares of Consolidated common stock having a market value of $21.47 per share on the last complete trading day prior to the effective date of the merger.
- [F5]This option, which provided for vesting in three equal installments beginning May 12, 2015, became fully vested in the merger and was automatically canceled in exchange for the right to receive 388 shares (net of shares surrendered for the payment of taxes) of Consolidated common stock (after taking into account the exercise price) having a market value of $21.47 per share on the last complete trading day prior to the effective date of the merger.
- [F6]This option, which provided for vesting in four equal installments beginning January 22, 2015, became fully vested in the merger and was automatically canceled in exchange for the right to receive 424 shares (net of shares surrendered for the payment of taxes) of Consolidated common stock (after taking into account the exercise price) having a market value of $21.47 per share on the last complete trading day prior to the effective date of the merger.
- [F7]This option, which provided for vesting in four equal installments beginning January 22, 2016, became fully vested in the merger and was automatically canceled in exchange for the right to receive 312 shares (net of shares surrendered for the payment of taxes) of Consolidated common stock (after taking into account the exercise price) having a market value of $21.47 per share on the last complete trading day prior to the effective date of the merger.
- [F8]This option, which provided for vesting in three equal installments beginning August 15, 2017, became fully vested in the merger and was automatically canceled in exchange for the right to receive 936 shares (net of shares surrendered for the payment of taxes) of Consolidated common stock (after taking into account the exercise price) having a market value of $21.47 per share on the last complete trading day prior to the effective date of the merger.
Issuer
FAIRPOINT COMMUNICATIONS INC
CIK 0001062613
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001062613
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 3:40 PM ET
- Size
- 27.2 KB