OTELCO INC. 4
4 · OTELCO INC. · Filed Mar 13, 2017
Insider Transaction Report
Form 4
OTELCO INC.OTEL
Tisdale Ed
SVP, New England RLEC
Transactions
- Exercise/Conversion
Restricted Stock Units
2017-03-13−3,810→ 3,810 total→ Class A Common Stock (3,810 underlying) - Tax Payment
Class A Common Stock
2017-03-13$6.25/sh−3,638$22,738→ 12,462 total - Award
Restricted Stock Units
2017-03-09+10,085→ 10,085 total→ Class A Common Stock (10,085 underlying) - Exercise/Conversion
Class A Common Stock
2017-03-13+9,651→ 16,100 total - Exercise/Conversion
Restricted Stock Units
2017-03-13−3,362→ 6,723 total→ Class A Common Stock (3,362 underlying) - Exercise/Conversion
Restricted Stock Units
2017-03-13−2,479→ 0 total→ Class A Common Stock (2,479 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: 3,362 RSUs vested on March 13, 2017; 3,362 RSUs vest on March 13, 2018; and 3,361 RSUs vest on March 12, 2019.
- [F3]The RSUs vest in three installments: 3,810 RSUs vested on March 14, 2016; 3,810 RSUs vested on March 13, 2017; and 3,810 RSUs vest on March 13, 2018.
- [F4]The RSUs vested in three installments: 2,478 RSUs vested on March 13, 2015; 2,478 RSUs vested on March 14, 2016; and 2,479 RSUs vested on March 13, 2017.