0001315255-18-000174.txt : 20181109 0001315255-18-000174.hdr.sgml : 20181109 20181109154529 ACCESSION NUMBER: 0001315255-18-000174 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: Sicoli Michael CENTRAL INDEX KEY: 0001329341 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35965 FILM NUMBER: 181172936 MAIL ADDRESS: STREET 1: 196 VAN BUREN STREET CITY: HERNDON STATE: VA ZIP: 20170 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_154179631097128.xml FORM 4 X0306 4 2018-11-07 0 0001315255 GTT Communications, Inc. GTT 0001329341 Sicoli Michael C/O GTT COMMUNICATIONS INC. 7900 TYSONS ONE PLACE, SUITE 1450 MCLEAN VA 22102 0 1 0 0 Chief Financial Officer Common Stock, par value $.0001 per share 2018-11-07 4 A 0 87500 0 A 390740 D The Performance grant of 87,500 shares consists of six different financial targets: (1) 13,125 shares will begin vesting once the Company achieves $2.5 billion in annualized revenue (3) 13,125 shares will begin vesting upon achievement of $725 million in annualized Adjusted EBITDA (5) 17,500 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) 13,125 shares will begin vesting upon achievement of $3 billion in annualized revenue (4) 13,125 shares will begin vesting upon achievement of $900 million in annualized Adjusted EBITDA (6) 17,500 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/ Michael T. Sicoli 2018-11-09