OTELCO INC. 4
4 · OTELCO INC. · Filed Mar 13, 2017
Insider Transaction Report
Form 4
OTELCO INC.OTEL
Souza Robert J.
DirectorPresident & CEO
Transactions
- Exercise/Conversion
Class A Common Stock
2017-03-13+30,303→ 47,354 total - Award
Restricted Stock Units
2017-03-09+34,925→ 34,925 total→ Class A Common Stock (34,925 underlying) - Exercise/Conversion
Restricted Stock Units
2017-03-13−13,239→ 13,239 total→ Class A Common Stock (13,239 underlying) - Tax Payment
Class A Common Stock
2017-03-13$6.25/sh−11,424$71,400→ 35,929 total - Exercise/Conversion
Restricted Stock Units
2017-03-13−11,641→ 23,284 total→ Class A Common Stock (11,641 underlying) - Exercise/Conversion
Restricted Stock Units
2017-03-13−5,423→ 0 total→ Class A Common Stock (5,423 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: 11,641 RSUs vested on March 13, 2017; 11,642 RSUs vest on March 13, 2018; and 11,642 RSUs vest on March 12, 2019.
- [F3]The RSUs vest in three installments: 13,240 RSUs vested on March 14, 2016; 13,239 RSUs vested on March 13, 2017; and 13,239 RSUs vest on March 13, 2018.
- [F4]The RSUs vested in three installments: 5,423 RSUs vested on March 13, 2015; 5,423 RSUs vested on March 14, 2016; and 5,423 RSUs vested on March 13, 2017.