0001315255-20-000071.txt : 20200611 0001315255-20-000071.hdr.sgml : 20200611 20200611174044 ACCESSION NUMBER: 0001315255-20-000071 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200524 FILED AS OF DATE: 20200611 DATE AS OF CHANGE: 20200611 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ortega Ernest CENTRAL INDEX KEY: 0001429444 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35965 FILM NUMBER: 20958157 MAIL ADDRESS: STREET 1: 18934 CANOE LANDING COURT CITY: LEESBURG STATE: VA ZIP: 20176 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_159191162624148.xml FORM 4 X0306 4 2020-05-24 0 0001315255 GTT Communications, Inc. GTT 0001429444 Ortega Ernest 7900 TYSONS ONE PLACE #1450 MCLEAN VA 22102 0 1 0 0 Chief Revenue Officer Common Stock, par value $.0001 per share 2020-05-24 4 A 0 100000 9.03 A 220000 D Common Stock, par value $.0001 per share 2020-05-24 4 A 0 25000 9.03 A 245000 D Common Stock, par value $.0001 per share 2020-05-24 4 A 0 25000 9.03 A 270000 D Shares of restricted stock granted on May 24, 2020 related to the reporting person's appointment as Chief Revenue Officer. Twenty-five percent (25%) of this restricted stock vests on May 24, 2021, and the remainder vests in equal quarterly installments beginning on August 24, 2021. Shares of restricted stock pursuant to the GTT Communications, Inc. 2018 Stock Option and Incentive Plan and subject to performance vesting. In the event that a closing and fundingof the sale of the GTT Infrastructure Division occurs on a date no later than December 31, 2021, the shares will vest in eight equal quarterly installments over a period of two years following such date. Shares of restricted stock pursuant to the GTT Communications, Inc. 2018 Stock Option and Incentive Plan and subject to performance vesting. In the event that GTT Communications,Inc. achieves a long-term target of 4X "Total Leverage" or better on a quarterly reported basis by December 31, 2023, the shares will vest in four equal quarterly installments over a period of one year, provided GTT Communications, Inc. maintains at least 4X "Total Leverage" on each such vesting date. Total Leverage is defined as (Total Debt less Cash) divided by Annualized Adjusted EBITDA. Ernest Ortega 2020-06-11