FAIRPOINT COMMUNICATIONS INC 4
4 · FAIRPOINT COMMUNICATIONS INC · Filed Jan 25, 2016
Insider Transaction Report
Form 4
Sunu Paul
DirectorChief Executive Officer
Transactions
- Award
Common stock, par value $0.01 per share
2016-01-22+31,000→ 304,000 total - Award
Stock Options (A&R 2010 Long Term Incentive Plan)
2016-01-22+54,000→ 54,000 totalExercise: $14.61Exp: 2026-01-22→ Common stock, par value $0.01 per share (54,000 underlying)
Footnotes (2)
- [F1]Represents restricted shares of FairPoint Communications, Inc. (the "Company") common stock, par value $0.01 per share, issued pursuant to the Company's Amended and Restated 2010 Long Term Incentive Plan (the "LTIP") on January 22, 2016 (the "Grant Date"). 25% of these restricted shares vested on the Grant Date with the remainder to vest in equal installments on January 23, 2017, January 22, 2018 and January 22, 2019. No consideration was paid by the Reporting Person for these restricted shares.
- [F2]Represents stock options issued pursuant to the Company's LTIP on the Grant Date. 25% of these stock options vested on the Grant Date with the remainder to vest in equal installments on January 23, 2017, January 22, 2018 and January 22, 2019. No consideration was paid by the Reporting Person for these stock options.