Home > Insider Trading > Filing (0001209191-16-155211)

Filing Details

Accession Number:: 0001209191-16-155211
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-12-14 17:17:08
Reporting Period:: 2016-12-12

Filing Date:: 2016-12-14
Accepted Time:: 2016-12-14 17:17:08
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1292653	Inteliquent Inc.	IQNT	Telephone Communications (No Radiotelephone) (4813)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1481169	Jr Matthew Carter	Inteliquent 550 W Adams, Suite 900 Chicago IL 60661	President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock, Par Value $0.001 Per Share	Acquisiton	2016-12-12	11,616	$18.52	41,453	No	4	M	Direct
Common Stock, Par Value $0.001 Per Share	Disposition	2016-12-12	10,200	$23.09	31,253	No	4	S	Direct
Common Stock, Par Value $0.001 Per Share	Disposition	2016-12-12	1,582	$23.10	29,671	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	F	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Options (right to purchase)	Disposition	2016-12-12	11,616	$0.00	11,616	$18.52

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
34,851		2025-06-22	No	4	M	Direct

Footnotes

Mr. Carter exercised options to purchase 11,616 shares of Inteliquent, Inc. (the "Company") common stock. All of these stock options hadalready vested. Mr. Carter then immediately sold 10,200 of those shares into the market to pay for the exercise price and estimated withholdingtaxes. In combination with the transaction described in footnote 3, Mr. Carter engaged in this transaction in order to preserve certaincompensation related corporate income tax deductions for the Company that may otherwise be disallowed through the operation of Section280G of the Internal Revenue Code, as amended (the "Code"), in connection with the Company's merger (the "Merger") with Onvoy, LLC ("Onvoy").
The price reported in Column 4 is the weighted average trading price of the shares sold. These shares were sold in multiple transactions at pricesranging from $23.05 to $23.15, inclusive. Upon request, the reporting person will provide to the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price within therange set forth in this footnote.
On December 12, 2016, the Compensation Committee (the "Committee") of the Board of Directors of the Company approved the acceleration ofvesting of all or a portion of two separate restricted stock awards previously granted to Mr. Carter. The Committee approved the accelerated vesting in order to preserve certain compensation related corporate income tax deductions for the Company that may otherwise be disallowed through the operation of Section 280G of the Code in connection with Merger with Onvoy, LLC. The reported disposition represents the withholding of shares to cover tax obligations arising from the accelerated vesting of the restricted stock.
One-quarter of the securities to which this note relates vested on June 22, 2016; the remaining three-quarters of the securities vest in equal annual installments on the second, third and fourth anniversary following June 22, 2016.