OTELCO INC. 4
4 · OTELCO INC. · Filed Mar 13, 2017
Insider Transaction Report
Form 4
OTELCO INC.OTEL
Boles Jerry C
SVP and Controller
Transactions
- Exercise/Conversion
Restricted Stock Units
2017-03-13−3,156→ 3,156 total→ Class A Common Stock (3,156 underlying) - Exercise/Conversion
Class A Common Stock
2017-03-13+7,901→ 13,050 total - Exercise/Conversion
Restricted Stock Units
2017-03-13−2,785→ 5,570 total→ Class A Common Stock (2,785 underlying) - Award
Restricted Stock Units
2017-03-09+8,355→ 8,355 total→ Class A Common Stock (8,355 underlying) - Tax Payment
Class A Common Stock
2017-03-13$6.25/sh−2,979$18,619→ 10,071 total - Exercise/Conversion
Restricted Stock Units
2017-03-13−1,960→ 0 total→ Class A Common Stock (1,960 underlying)
Footnotes (4)
- [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: 2,785 RSUs vested on March 13, 2017; 2,785 RSUs vest on March 13, 2018; and 2,785 RSUs vest on March 12, 2019.
- [F3]The RSUs vest in three installments: 3,156 RSUs vested on March 14, 2016; 3,156 RSUs vested on March 13, 2017; and 3,156 RSUs vest on March 13, 2018.
- [F4]The RSUs vested in three installments: 1,961 RSUs vested on March 13, 2015; 1,961 RSUs vested on March 14, 2016; and 1,960 RSUs vested on March 13, 2017.