FAIRPOINT COMMUNICATIONS INC 4
4 · FAIRPOINT COMMUNICATIONS INC · Filed Jan 24, 2014
Insider Transaction Report
Form 4
Sunu Paul
DirectorChief Executive Officer
Transactions
- Award
Stock Options (2010 Long Term Incentive Plan)
2014-01-22+85,000→ 85,000 totalExercise: $13.29Exp: 2024-01-22→ Common stock, par value $0.01 per share (85,000 underlying) - Award
Common stock, par value $0.01 per share
2014-01-22+56,000→ 235,000 total
Footnotes (2)
- [F1]Represents restricted shares of FairPoint Communications, Inc. (the "Company") common stock, par value $0.01 per share, issued pursuant to the Company's 2010 Long Term Incentive Plan (the "LTIP") on January 22, 2014 (the "Grant Date"). 14,000 of these restricted shares vested on the Grant Date, with the remainder to vest in equal installments on January 22, 2015, January 22, 2016 and January 23, 2017. No consideration was paid by the Reporting Person for these restricted shares.
- [F2]Represents stock options issued pursuant to the LTIP on January 22, 2014. 21,250 of these stock options vested on the Grant Date, with the remainder to vest in equal installments on January 22, 2015, January 22, 2016 and January 23, 2017. No consideration was paid by the Reporting Person for these stock options.