4//SEC Filing
BYNOE PETER C B 4
Accession 0001140361-21-015184
CIK 0000020520other
Filed
Apr 29, 8:00 PM ET
Accepted
Apr 30, 1:58 PM ET
Size
9.4 KB
Accession
0001140361-21-015184
Insider Transaction Report
Form 4
BYNOE PETER C B
Director
Transactions
- Other
Phantom Stock Units
2021-04-30−68,586.08→ 0 total→ Common Stock (68,586.08 underlying) - Other
Common Stock, par value $0.25 per share
2021-04-30−256→ 0 total
Footnotes (4)
- [F1]On April 14, 2020, the Issuer and all of its direct and indirect subsidiaries (the "Debtors") filed voluntary petitions (the "Chapter 11 Cases") under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court") and on August 21, 2020 the Debtors filed the Fifth Amended Joint Plan of Reorganization of Frontier Communications Corporation and Its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code (the "Plan"). On August 27, 2020, the Bankruptcy Court entered an order confirming the Plan (the "Confirmation Order") and, on April 30, 2021 (the "Effective Date"), the Debtors satisfied the remaining conditions precedent to consummation of the Plan set forth in the Plan, the Plan became effective in accordance with its terms and the Debtors emerged from the Chapter 11 Cases without any need for further action or order of the Bankruptcy Court.
- [F2](Continued from footnote 1) On the Effective Date, in connection with the satisfaction of the conditions to effectiveness as set forth in the Confirmation Order and in the Plan, (i) the Issuer completed a series of transactions pursuant to which it transferred all of its assets in a taxable sale to an indirectly wholly owned subsidiary of Frontier Communications Parent, Inc., a Delaware corporation ("New Frontier"), prior to winding down its business, (ii) all outstanding shares of the Issuer's common stock outstanding prior to the Effective Date were canceled, released, and extinguished, and of no further force or effect and without any need for a holder of such common stock to take further action with respect thereto and (iii) all of the Issuer's equity award agreements under any incentive plan, and the awards granted pursuant thereto, were extinguished, canceled, and discharged and have no further force or effect. New Frontier is the successor to the Issuer pursuant to
- [F3](Continued from footnote 2) Rule 12g-3 under the Securities Exchange Act of 1934, as amended. Accordingly, this Form 4 shall constitute an exit filing for the Reporting Person with respect to the Issuer.
- [F4]Prior to their cancellation pursuant to the Plan, phantom stock units were convertible one-for-one into shares of common stock or cash equivalent, at the election of the Reporting Person, upon the Reporting Person's termination of service as a director of the Issuer.
Documents
Issuer
FRONTIER COMMUNICATIONS CORP
CIK 0000020520
Entity typeother
Related Parties
1- filerCIK 0001253889
Filing Metadata
- Form type
- 4
- Filed
- Apr 29, 8:00 PM ET
- Accepted
- Apr 30, 1:58 PM ET
- Size
- 9.4 KB