Garner Curtis Lee JR 4
4 · OTELCO INC. · Filed Mar 16, 2020
Insider Transaction Report
Form 4
OTELCO INC.OTEL
Garner Curtis Lee JR
Chief Financial Officer
Transactions
- Tax Payment
Class A Common Stock
2020-03-13$5.10/sh−618$3,152→ 36,823 total - Exercise/Conversion
Restricted Stock Units
2020-03-13−2,106→ 2,107 total→ Class A Common Stock (2,106 underlying) - Exercise/Conversion
Class A Common Stock
2020-03-13+2,106→ 37,441 total
Holdings
- 164(indirect: As UGMA custodian for granddaughter)
Class A Common Stock
- 164(indirect: As UGMA custodian for granddaughter)
Class A Common Stock
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a right to receive one share of Otelco Inc. Class A Common Stock.
- [F2]These securities are held by Uniform Gifts to Minors Act accounts for the benefit of the reporting person's granddaughters. The reporting person is custodian of such accounts. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for Section 16 or for any other purpose.
- [F3]On March 14, 2019, the reporting person was granted 4,213 RSUS, vesting in two annual installments beginning on March 13, 2020.