OTELCO INC. 4
4 · OTELCO INC. · Filed Mar 14, 2016
Insider Transaction Report
Form 4
OTELCO INC.OTEL
Andrews Dennis
SVP & GM, Alabama
Transactions
- Award
Restricted Stock Units
2016-03-10+12,410→ 12,410 total→ Class A Common Stock (12,410 underlying) - Tax Payment
Class A Common Stock
2016-03-14$5.10/sh−2,692$13,729→ 4,447 total - Exercise/Conversion
Class A Common Stock
2016-03-14+7,139→ 7,139 total - Exercise/Conversion
Restricted Stock Units
2016-03-14−4,136→ 8,274 total→ Class A Common Stock (4,136 underlying) - Exercise/Conversion
Restricted Stock Units
2016-03-14−3,003→ 3,003 total→ Class A Common Stock (3,003 underlying)
Holdings
- 451(indirect: By IRA)
Class A Common Stock
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents a right to receive one share of Otelco Inc. Class A Common Stock.
- [F2]These securities are held in the account of Carolyn Joan Andrews IRA, TD Ameritrade Inc. Custodian, 460 Rocky Ridge Road, Union Grove, Alabama 35175. Carolyn Joan Andrews is the wife of the reporting person.
- [F3]The RSUs vest in three installments: 4,136 RSUs vested on March 14, 2016; 4,137 RSUs vest on March 13, 2017; and 4,137 RSUs vest on March 13, 2018.
- [F4]The RSUs vest in three installments: 3,003 RSUs vested on March 13, 2015; 3,003 RSUs vested on March 14, 2016; and 3,003 RSUs vest on March 13, 2017.