Home > Insider Trading > Filing (0001315255-17-000130)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1315255	Gtt Communications Inc.	GTT	Telephone Communications (No Radiotelephone) (4813)	202096338

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1408073	Chris Mckee	C/O Gtt Communications, Inc. 7900 Tysons One Place, Suite 1450 Mclean VA 22102	General Counsel And Evp	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $.0001 Per Share	Disposition	2017-11-01	7,000	$36.34	391,517	No	4	S	Direct
Common Stock, Par Value $.0001 Per Share	Acquisiton	2017-10-30	100,000	$35.35	491,517	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $.0001 Per Share	43,357	Indirect	By Chris McKee LLC Trust

Footnotes

Open market sale pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 11, 2016 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. as amended, pursuant to which a maximum of 84,000 shares were made available for sale.
The Performance grant of 100,000 shares consists of four different financial targets: (1) 25,000 shares will begin vesting once the Company achieves $1.5 billion in annualized revenue (2) 25,000 shares will begin vesting upon achievement of $2 billion in annualized revenue (3) 25,000 shares will begin vesting upon achievement of $400 million in annualized Adjusted EBITDA and (4) 25,000 shares will begin vesting upon achievement of $550 million in annualized Adjusted EBITDA. Upon achievement of financial target (1) and (3) the applicable shares will vest quarterly (in equal amounts) over a 2 year period. Upon achievement of financial target (2) and (4) the applicable shares will vest quarterly (in equal amounts) over a 1 year period. For any performance metrics not achieved by the end of 2021, those specific performance grant portions will expire and those shares are forfeited; time vesting after achieving performance metrics may extend beyond the end of 2021.