0001315255-18-000176.txt : 20181109 0001315255-18-000176.hdr.sgml : 20181109 20181109154858 ACCESSION NUMBER: 0001315255-18-000176 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20181107 FILED AS OF DATE: 20181109 DATE AS OF CHANGE: 20181109 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: 181172954 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_154179650776331.xml FORM 4 X0306 4 2018-11-07 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 2018-11-07 4 A 0 140000 0 A 1327908 D Common Stock, par value $.0001 per share 495481 I By Rick Calder LLC Trust The Performance grant of 140,000 shares consists of six different financial targets: (1) 21,000 shares will begin vesting once the Company achieves $2.5 billion in annualized revenue (3) 21,000 shares will begin vesting upon achievement of $725 million in annualized Adjusted EBITDA (5) 28,000 shares will begin vesting upon achievement of $2.50 of annualized Adjusted Free Cash Flow per Share and. Upon achievement of financial target (1), (3) and (5) the applicable shares will vest quarterly (in equal amounts) over a 2 year period, provided the performance metric is maintained for each quarterly vest. (2) 21,000 shares will begin vesting upon achievement of $3 billion in annualized revenue (4) 21,000 shares will begin vesting upon achievement of $900 million in annualized Adjusted EBITDA (6) 28,000 shares will begin vesting upon achievement of $5.00 of annualized Adjusted Free Cash Flow per Share. Upon achievement of financial target (2), (4) and (6) the applicable shares will vest quarterly (in equal amounts) over a 1 year period, provided the performance metric is maintained for each quarterly vest. 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 2018-11-09