OTELCO INC. 4

4 · OTELCO INC. · Filed Mar 13, 2017

Form 4

Period: 2017-03-09

Chief Financial Officer

Transactions

Exercise/Conversion
Restricted Stock Units
2017-03-13−4,353→ 0 total
→ Class A Common Stock (4,353 underlying)
Exercise/Conversion
Restricted Stock Units
2017-03-13−5,645→ 11,291 total
→ Class A Common Stock (5,645 underlying)
Exercise/Conversion
Class A Common Stock
2017-03-13+16,396→ 30,326 total
Tax Payment
Class A Common Stock
2017-03-13$6.25/sh−6,181$38,631→ 24,145 total
Award
Restricted Stock Units
2017-03-09+16,936→ 16,936 total
→ Class A Common Stock (16,936 underlying)
Exercise/Conversion
Restricted Stock Units
2017-03-13−6,398→ 6,398 total
→ Class A Common Stock (6,398 underlying)

Holdings

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 by Uniform Gifts to Minors Act accounts for the benefit of the reporting person's granddaughters. The reporting person is custodian of such accounts. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for Section 16 or for any other purpose.
[F3]The RSUs vest in three installments: 5,645 RSUs vested on March 13, 2017; 5,645 RSUs vest on March 13, 2018; and 5,646 RSUs vest on March 12, 2019.
[F4]The RSUs vest in three installments: 6,398 RSUs vested on March 14, 2016; 6,398 RSUs vested on March 13, 2017; and 6,398 RSUs vest on March 13, 2018.
[F5]The RSUs vested in three installments: 4,352 RSUs vested on March 13, 2015; 4,352 RSUs vested on March 14, 2016; and 4,353 RSUs vested on March 13, 2017.

Documents

1 file