FAIRPOINT COMMUNICATIONS INC 4
4 · FAIRPOINT COMMUNICATIONS INC · Filed Jan 23, 2015
Insider Transaction Report
Form 4
Sunu Paul
DirectorChief Executive Officer
Transactions
- Award
Common stock, par value $0.01 per share
2015-01-22+38,000→ 273,000 total - Award
Stock Options (A&R 2010 Long Term Incentive Plan)
2015-01-22+65,000→ 65,000 totalExercise: $14.73Exp: 2025-01-22→ Common stock, par value $0.01 per share (65,000 underlying)
Footnotes (2)
- [F1]Represents restricted shares of FairPoint Communications, Inc. (the "Company") common stock, par value $0.01 per share, issued pursuant to the Company's Amended and Restated 2010 Long Term Incentive Plan (the "LTIP") on January 22, 2015 (the "Grant Date"). 25% of these restricted shares vested on the Grant Date with the remainder to vest in equal installments on January 22, 2016, January 23, 2017 and January 22, 2018. No consideration was paid by the Reporting Person for these restricted shares.
- [F2]Represents stock options issued pursuant to the LTIP on January 22, 2015. 25% of these stock options vested on the Grant Date with the remainder to vest in equal installments on January 22, 2016, January 23, 2017 and January 22, 2018. No consideration was paid by the Reporting Person for these stock options.