OTELCO INC. 4
4 · OTELCO INC. · Filed Mar 14, 2016
Insider Transaction Report
Form 4
OTELCO INC.OTEL
Souza Robert J.
DirectorPresident & CEO
Transactions
- Exercise/Conversion
Class A Common Stock
2016-03-14+18,663→ 24,086 total - Tax Payment
Class A Common Stock
2016-03-14$5.10/sh−7,036$35,884→ 17,050 total - Award
Restricted Stock Units
2016-03-10+39,718→ 39,718 total→ Class A Common Stock (39,718 underlying) - Exercise/Conversion
Restricted Stock Units
2016-03-14−13,240→ 26,478 total→ Class A Common Stock (13,240 underlying) - Exercise/Conversion
Restricted Stock Units
2016-03-14−5,423→ 5,423 total→ Class A Common Stock (5,423 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a right to receive one share of Otelco Inc. Class A Common Stock.
- [F2]The RSUs vest in three installments: 13,240 RSUs vested on March 14, 2016; 13,239 RSUs vest on March 13, 2017; and 13,239 RSUs vest on March 13, 2018.
- [F3]The RSUs vest in three installments: 5,423 RSUs vested on March 13, 2015; 5,423 RSUs vested on March 14, 2016; and 5,423 RSUs vest on March 13, 2017.