4//SEC Filing
RURAL CELLULAR CORP 4
Accession 0001209191-07-034214
CIK 0000869561operating
Filed
May 30, 8:00 PM ET
Accepted
May 31, 6:04 PM ET
Size
10.7 KB
Accession
0001209191-07-034214
Insider Transaction Report
Form 4
FINNEGAN PAUL J
Director
Transactions
- Other
Restricted Stock Units
2007-05-29−1,298→ 0 total→ Class A Common (1,298 underlying) - Award
Restricted Stock Units
2007-05-29+1,298→ 1,298 total→ Class A Common (1,298 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Rural Cellular Corporation Class A common stock.
- [F2]The restricted stock units will vest in one year and the shares will be delivered to the director six months after the end of his service on the board.
- [F3]Mr. Finnegan is the representative of Madison Dearborn Partners, LLC ("MDP") to the Issuer's Board of Directors pursuant to the terms of the Class M Redeemable Voting Convertible Preferred Stock Agreement. Since Mr. Finnegan's position on the Board is as a nominee of MDP, the Issuer's Board of Directors has approved an assignment of the restricted stock units from Mr. Finnegan to MDP, under the same terms and conditions as originally granted. As a managing director of Madison Dearborn Partners, Inc., an affiliate of MDP, Mr. Finnegan has an indirect ownership in the shares of Issuer's stock held by MDP.
Documents
Issuer
RURAL CELLULAR CORP
CIK 0000869561
Entity typeoperating
IncorporatedMN
Related Parties
1- filerCIK 0000869561
Filing Metadata
- Form type
- 4
- Filed
- May 30, 8:00 PM ET
- Accepted
- May 31, 6:04 PM ET
- Size
- 10.7 KB