ALTEVA, INC. 4
4 · ALTEVA, INC. · Filed Mar 25, 2014
Insider Transaction Report
Form 4
ALTEVA, INC.ALTV
Brown Jennifer M.
EVP-CAO, Corporate Secretary
Transactions
- Tax Payment
Common
2014-03-22$8.75/sh−3,629$31,754→ 28,871 total
Holdings
- 24,500
Employees Stock Option (Right to Buy)
Exercise: $9.90Exp: 2023-03-22→ Common Stock (24,500 underlying)
Footnotes (2)
- [F1]Securities for payment of tax liability associated with vesting of securities issued under the Amended and Restated Warwick Valley Telephone Company 2008 Long-Term Incentive Plan in accordance with Rule 16b-3.
- [F2]The option shall vest and become exercisable as follows, with any fractional share resulting from such proration vesting on the third anniversary: (i) one third of the shares subject to the stock option upon the date that is one year from the date of the agreement if the participant continues to be employed by the Company on such date; (ii) an additional one-third of the shares subject to the stock option upon the date that is two years from the date of the agreement if the participant continues to be employed by the Company on such date; and (iii) the remaining one-third of the shares subject to the stock option upon the date that is three years from the date of the agreement if the participant continues to be employed by the company on such date.