4//SEC Filing
Benken Richard 4
Accession 0001209191-20-038027
CIK 0001089511other
Filed
Jun 18, 8:00 PM ET
Accepted
Jun 19, 6:01 PM ET
Size
12.1 KB
Accession
0001209191-20-038027
Insider Transaction Report
Form 4
Benken Richard
Sr. Director Network Strategy
Transactions
- Award
Restricted Stock Units
2020-06-17+19,487→ 19,487 totalExercise: $0.00Exp: 2030-06-17→ Common Stock (19,487 underlying) - Award
Performance Stock Units
2020-06-17+19,487→ 19,487 totalExercise: $0.00Exp: 2030-06-17→ Common Stock (19,487 underlying)
Footnotes (4)
- [F1]Restricted stock unit award under the Alaska Communications Systems Group, Inc. 2011 Incentive Award Plan.
- [F2]Amount represents restricted stock units granted under the Alaska Communications Systems Group, Inc. 2011 Incentive Award Plan which will vest in three equal annual installments beginning on the first company business day on or after June 17, 2021, subject to continued employment.
- [F3]70% of PSUs are comprised of one tranche with a performance period of three years. This tranche will vest if the Company's Cumulative Adjusted Free Cash Flow meets or exceeds the identified vesting amount during the performance period for that tranche. 30% of PSUs are comprised of three tranches with performance periods of one, two, or three years. Each tranche will vest if the Company's stock price measured over 10 consecutive trading days meets or exceeds the identified vesting price for that tranche during the performance period for that tranche.
- [F4]Any tranches that do not vest within their identified vesting time frame shall immediately terminate after the close of the vesting period and be forfeited without any settlement, thereunder. All awards subject to continued employment.
Issuer
ALASKA COMMUNICATIONS SYSTEMS GROUP INC
CIK 0001089511
Entity typeother
Related Parties
1- filerCIK 0001779490
Filing Metadata
- Form type
- 4
- Filed
- Jun 18, 8:00 PM ET
- Accepted
- Jun 19, 6:01 PM ET
- Size
- 12.1 KB