0001315255-17-000132.txt : 20171103
0001315255-17-000132.hdr.sgml : 20171103
20171103100805
ACCESSION NUMBER: 0001315255-17-000132
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20171030
FILED AS OF DATE: 20171103
DATE AS OF CHANGE: 20171103
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: 171174933
MAIL ADDRESS:
STREET 1: 1010 WISCONSIN AVE
STREET 2: SUITE 600
CITY: WASHINGTON
STATE: DC
ZIP: 20007
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
4
1
wf-form4_150971807112358.xml
FORM 4
X0306
4
2017-10-30
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
2017-11-01
4
S
0
10000
36.3286
D
1113679
D
Common Stock, par value $.0001 per share
2017-10-30
4
A
0
160000
35.35
A
1273679
D
Common Stock, par value $.0001 per share
495481
I
By Rick Calder LLC Trust
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.
/s/ Richard Calder
2017-11-02