4//SEC Filing
FAIRPOINT COMMUNICATIONS INC 4
Accession 0001062613-17-000024
CIK 0001062613operating
Filed
Jan 23, 7:00 PM ET
Accepted
Jan 24, 4:12 PM ET
Size
11.7 KB
Accession
0001062613-17-000024
Insider Transaction Report
Form 4
Sunu Paul
DirectorChief Executive Officer
Transactions
- Tax Payment
Common stock, par value $0.01 per share
2017-01-23$18.45/sh−4,852$89,519→ 321,171 total - Tax Payment
Common stock, par value $0.01 per share
2017-01-23$18.45/sh−2,554$47,121→ 315,486 total - Award
Common stock, par value $0.01 per share
2017-01-23+22,023→ 326,023 total - Tax Payment
Common stock, par value $0.01 per share
2017-01-23$18.45/sh−3,131$57,767→ 318,040 total
Footnotes (5)
- [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 23, 2017 (the "Grant Date"). 4,023 of these restricted shares vested on the Grant Date with 6,000 shares vesting on each of January 23, 2018, January 23, 2019 and January 23, 2020, respectively. No consideration was paid by the Reporting Person for these restricted shares.
- [F2]On January 23, 2017, 14,000 of the Reporting Person's restricted shares of the Company's common stock, par value $0.01 per share, that were granted pursuant to the Company's LTIP on January 22, 2014 vested. Pursuant to the LTIP, at the Reporting Person's election, 4,852 of the Reporting Person's restricted shares were forfeited by the Reporting Person to satisfy applicable withholding tax obligations with respect to the vesting of the 14,000 restricted shares on such date. No consideration was received by the Reporting Person for his forfeiture of the 4,852 restricted shares.
- [F3]Represents the closing price on the date of forfeiture.
- [F4]On January 23, 2017, 9,500 of the Reporting Person's restricted shares of the Company's common stock, par value $0.01 per share, that were granted pursuant to the Company's LTIP on January 22, 2015 vested. Pursuant to the LTIP, at the Reporting Person's election, 3,131 of the Reporting Person's restricted shares were forfeited by the Reporting Person to satisfy applicable withholding tax obligations with respect to the vesting of the 9,500 restricted shares on such date. No consideration was received by the Reporting Person for his forfeiture of the 3,131 restricted shares.
- [F5]On January 23, 2017, 7,750 of the Reporting Person's restricted shares of the Company's common stock, par value $0.01 per share, that were granted pursuant to the Company's LTIP on January 22, 2016 vested. Pursuant to the LTIP, at the Reporting Person's election, 2,554 of the Reporting Person's restricted shares were forfeited by the Reporting Person to satisfy applicable withholding tax obligations with respect to the vesting of the 7,750 restricted shares on such date. No consideration was received by the Reporting Person for his forfeiture of the 2,554 restricted shares.
Documents
Issuer
FAIRPOINT COMMUNICATIONS INC
CIK 0001062613
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001062613
Filing Metadata
- Form type
- 4
- Filed
- Jan 23, 7:00 PM ET
- Accepted
- Jan 24, 4:12 PM ET
- Size
- 11.7 KB