0001315255-18-000175.txt : 20181109
0001315255-18-000175.hdr.sgml : 20181109
20181109154640
ACCESSION NUMBER: 0001315255-18-000175
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: McKee Chris
CENTRAL INDEX KEY: 0001408073
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35965
FILM NUMBER: 181172943
MAIL ADDRESS:
STREET 1: STARVOX COMMUNICATIONS, INC.
STREET 2: 2728 ORCHARD PARKWAY
CITY: SAN JOSE
STATE: CA
ZIP: 95134-2012
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_154179638449009.xml
FORM 4
X0306
4
2018-11-07
0
0001315255
GTT Communications, Inc.
GTT
0001408073
McKee Chris
C/O GTT COMMUNICATIONS, INC.
7900 TYSONS ONE PLACE, SUITE 1450
MCLEAN
VA
22102
0
1
0
0
General Counsel and EVP
Common Stock, par value $.0001 per share
2018-11-07
4
A
0
87500
0
A
480458
D
Common Stock, par value $.0001 per share
37720
I
By Chris McKee LLC Trust
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.
Chris McKee
2018-11-09