0001315255-15-000063.txt : 20151110
0001315255-15-000063.hdr.sgml : 20151110
20151106151823
ACCESSION NUMBER: 0001315255-15-000063
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20151101
FILED AS OF DATE: 20151106
DATE AS OF CHANGE: 20151106
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: GTT Communications, Inc.
CENTRAL INDEX KEY: 0001315255
STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
IRS NUMBER: 202096338
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 7900 TYSONS ONE PLACE
STREET 2: SUITE 1450
CITY: MCLEAN
STATE: VA
ZIP: 22102
BUSINESS PHONE: (703) 442-5500
MAIL ADDRESS:
STREET 1: 7900 TYSONS ONE PLACE
STREET 2: SUITE 1450
CITY: MCLEAN
STATE: VA
ZIP: 22102
FORMER COMPANY:
FORMER CONFORMED NAME: Global Telecom & Technology, Inc.
DATE OF NAME CHANGE: 20061018
FORMER COMPANY:
FORMER CONFORMED NAME: Mercator Partners Acquisition Corp.
DATE OF NAME CHANGE: 20050124
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Calder Richard
CENTRAL INDEX KEY: 0001308564
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35965
FILM NUMBER: 151205962
MAIL ADDRESS:
STREET 1: 1010 WISCONSIN AVE
STREET 2: SUITE 600
CITY: WASHINGTON
STATE: DC
ZIP: 20007
4
1
wf-form4_144684109282081.xml
FORM 4
X0306
4
2015-11-01
0
0001315255
GTT Communications, Inc.
GTT
0001308564
Calder Richard
C/O GTT COMMUNICATIONS, INC.
7900 TYSONS ONE PLACE, SUITE 1450
MCLEAN
VA
22102
1
1
0
0
President and CEO
Common Stock, par value $.0001 per share
2015-11-01
4
A
0
200000
0
A
1859075
D
Common Stock, par value $.0001 per share
2015-11-04
4
M
0
1875
3.30
A
1859075
D
Incentive Stock Option (Right to Buy)
3.3
2015-11-04
4
M
0
1875
3.30
A
2023-04-04
Common Stock, par value $.0001 per share
1875.0
1875
D
The Performance grant of 200,000 shares consists of four different financial targets: (1) 50,000 shares will begin vesting once the Company achieves $700 million in annualized revenue (2) 50,000 shares will begin vesting upon achievement of $1 billion in annualized revenue (3) 50,000 shares will begin vesting upon achievement of $168 million in annualized Adjusted EBITDA and (4) 50,000 shares will begin vesting upon achievement of $250 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 within 5 years of grant date, those specific performance grant portions will expire and those shares are forfeited; time vesting after achieving performance metrics may extend beyond 5 years.
(3) The option vests over four years. Twenty-five percent (25%) of the option vests on April 4, 2014, and the remainder vests in equal quarterly installments beginning on July 4, 2014.
/s/ Richard Calder
2015-11-06