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