OTELCO INC. 4
4 · OTELCO INC. · Filed Mar 14, 2016
Insider Transaction Report
Form 4
OTELCO INC.OTEL
Wessing E. Todd
VP and GM - Missouri
Transactions
- Exercise/Conversion
Class A Common Stock
2016-03-14+4,226→ 6,100 total - Award
Restricted Stock Units
2016-03-10+7,367→ 7,367 total→ Class A Common Stock (7,367 underlying) - Exercise/Conversion
Restricted Stock Units
2016-03-14−1,771→ 1,770 total→ Class A Common Stock (1,771 underlying) - Tax Payment
Class A Common Stock
2016-03-14$5.10/sh−1,636$8,344→ 4,464 total - Exercise/Conversion
Restricted Stock Units
2016-03-14−2,455→ 4,912 total→ Class A Common Stock (2,455 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: 2,455 RSUs vested on March 14, 2016; 2,456 RSUs vest on March 13, 2017; and 2,456 RSUs vest on March 13, 2018.
- [F3]The RSUs vest in three installments: 1,771 RSUs vested on March 13, 2015; 1,771 RSUs vested on March 14, 2016; and 1,770 RSUs vest on March 13, 2017.