Home > Insider Trading > Filing (0001315255-17-000132)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1315255	Gtt Communications Inc.	GTT	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1308564	Richard Calder	C/O Gtt Communications, Inc. 7900 Tysons One Place, Suite 1450 Mclean VA 22102	President And Ceo	Yes	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	10,000	$36.33	1,113,679	No	4	S	Direct
Common Stock, Par Value $.0001 Per Share	Acquisiton	2017-10-30	160,000	$35.35	1,273,679	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	495,481	Indirect	By Rick Calder 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 120,000 shares were made available for sale.
The Performance grant of 160,000 shares consists of four different financial targets: (1) 40,000 shares will begin vesting once the Company achieves $1.5 billion in annualized revenue (2) 40,000 shares will begin vesting upon achievement of $2 billion in annualized revenue (3) 40,000 shares will begin vesting upon achievement of $400 million in annualized Adjusted EBITDA and (4) 40,000 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.