NTELOS HOLDINGS CORP. 4
4 · NTELOS HOLDINGS CORP. · Filed Jan 6, 2016
Insider Transaction Report
Form 4
Duggan Stephen C.
Director
Transactions
- Award
Phantom Shares
2016-01-04+8,206→ 8,206 totalFrom: 2017-01-04Exp: 2017-01-04→ Common Stock, Par Value $0.01 Per Share (8,206 underlying)
Footnotes (2)
- [F1]Each Phantom Share may be settled upon vesting by delivery of either, at Issuer's option, (i) one share of Issuer's common stock or (ii) cash equal to the market price of one share of Issuer's common stock.
- [F2]Phantom Shares cliff vest on January 4, 2017 subject to continued service on the Board of Directors. In the event the proposed merger with Shenandoah Telecommunications Company is consummated prior to January 4, 2017, a pro rata portion of the Phantom Shares (based on the numbers of days elapsed) shall immediately vest.