Garner Curtis Lee JR 4
4 · OTELCO INC. · Filed Mar 15, 2018
Insider Transaction Report
Form 4
OTELCO INC.OTEL
Garner Curtis Lee JR
Chief Financial Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2018-03-13+12,043→ 36,188 total - Tax Payment
Class A Common Stock
2018-03-13$14.90/sh−4,540$67,646→ 31,648 total - Exercise/Conversion
Restricted Stock Units
2018-03-13−5,645→ 5,646 total→ Class A Common Stock (5,645 underlying) - Exercise/Conversion
Restricted Stock Units
2018-03-13−6,398→ 0 total→ Class A Common Stock (6,398 underlying)
Holdings
- 164(indirect: As UGMA custodian for granddaughter)
Class A Common Stock
- 164(indirect: As UGMA custodian for granddaughter)
Class A Common Stock
Footnotes (4)
- [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]The RSUs vest in three installments: 5,645 RSUs vested on March 13, 2017; 5,645 RSUs vested on March 13, 2018; and 5,646 RSUs vest on March 12, 2019.
- [F4]The RSUs vested in three installments: 6,398 RSUs vested on March 14, 2016; 6,398 RSUs vested on March 13, 2017; and 6,398 RSUs vested on March 13, 2018.