4//SEC Filing
Haug Howard James 4
Accession 0001188112-13-001683
CIK 0001288359other
Filed
May 23, 8:00 PM ET
Accepted
May 24, 1:10 PM ET
Size
11.2 KB
Accession
0001188112-13-001683
Insider Transaction Report
Form 4
OTELCO INC.OTT
Haug Howard James
Director
Transactions
- Other
Common stock
2013-05-24−50→ 0 total(indirect: By Spouse) - Other
Common stock
2013-05-24−2,551→ 0 total - Other
Class A common stock
2013-05-24+10→ 10 total(indirect: By Spouse) - Other
Class A common stock
2013-05-24+510→ 510 total
Footnotes (2)
- [F1]On March 24, 2013, Otelco Inc. (the "Company") and each of its direct and indirect subsidiaries (together with the Company, the "Debtors") filed voluntary petitions for reorganization under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware in order to effectuate the Debtors' joint prepackaged plan of reorganization (the "Plan"). Prior to the effectiveness of the Plan, each share of the Company's common stock (the "Old Common Stock") was held as part of the Company's Income Deposit Securities ("IDSs"). Each IDS consisted of one share of Old Common Stock and one 13% senior subordinated note due 2019 with a $7.50 principal amount (a "Note").
- [F2]On May 24, 2013, the Plan became effective, the outstanding shares of Old Common Stock were cancelled, the outstanding Notes, including the outstanding Notes constituting part of the IDSs, were cancelled and the holders of outstanding Notes, including Notes held through IDSs, received their pro rata share of the Company's new Class A common stock (the "New Common Stock"). This report is being filed to report the cancellation of the reporting person's Old Common Stock and the issuance of shares of New Common Stock to the reporting person. Each of the transactions reported on this report is exempt from the provisions of Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to Rule 16b-7 under the Exchange Act.
Documents
Issuer
OTELCO INC.
CIK 0001288359
Entity typeother
Related Parties
1- filerCIK 0001310252
Filing Metadata
- Form type
- 4
- Filed
- May 23, 8:00 PM ET
- Accepted
- May 24, 1:10 PM ET
- Size
- 11.2 KB