Tolley David 4
4 · Intelsat S.A. · Filed May 22, 2020
Insider Transaction Report
Form 4
Intelsat S.A.INTEQ
Tolley David
EVP & Chief Financial Officer
Transactions
- Sale
Common Shares
2020-05-21$0.18/sh−6,953$1,261→ 0 total
Holdings
- 100,000
Restricted Share Units
→ Common Shares (100,000 underlying) - 25,334
Restricted Share Units
→ Common Shares (25,334 underlying)
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.1805 to $0.1826, inclusive. The reporting person undertakes to provide to Intelsat S.A., any security holder of Intelsat S.A. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
- [F2]Each restricted share unit ("RSU") represents a contingent right to receive one Common Share.
- [F3]The RSUs vest in two equal annual installments, beginning March 1, 2021.
- [F4]Fifty percent (50%) of the RSUs will vest on July 1, 2020, twenty-five percent (25%) on July 1, 2021, and the remaining twenty-five percent (25%) on July 1, 2022.