OTELCO INC. 4
4 · OTELCO INC. · Filed Mar 13, 2017
Insider Transaction Report
Form 4
OTELCO INC.OTEL
Andrews Dennis
SVP & GM, Alabama
Transactions
- Exercise/Conversion
Restricted Stock Units
2017-03-13−4,137→ 4,137 total→ Class A Common Stock (4,137 underlying) - Award
Restricted Stock Units
2017-03-09+10,950→ 10,950 total→ Class A Common Stock (10,950 underlying) - Exercise/Conversion
Restricted Stock Units
2017-03-13−3,650→ 7,300 total→ Class A Common Stock (3,650 underlying) - Tax Payment
Class A Common Stock
2017-03-13$6.25/sh−4,068$25,425→ 11,169 total - Exercise/Conversion
Restricted Stock Units
2017-03-13−3,003→ 0 total→ Class A Common Stock (3,003 underlying) - Exercise/Conversion
Class A Common Stock
2017-03-13+10,790→ 15,237 total
Holdings
- 451(indirect: By IRA)
Class A Common Stock
Footnotes (5)
- [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: 3,650 RSUs vested on March 13, 2017; 3,650 RSUs vest on March 13, 2018; and 3,650 RSUs vest on March 12, 2019.
- [F4]The RSUs vest in three installments: 4,136 RSUs vested on March 14, 2016; 4,137 RSUs vested on March 13, 2017; and 4,137 RSUs vest on March 13, 2018.
- [F5]The RSUs vested in three installments: 3,003 RSUs vested on March 13, 2015; 3,003 RSUs vested on March 14, 2016; and 3,003 RSUs vested on March 13, 2017.