Benjamin Forester Stein - 31 Aug 2021 Form 4 Insider Report for GTT Communications, Inc.

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
4
Accepted by SEC
02 Sep 2021, 07:46:39 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
BENJAMIN STEIN, By: /s/ Thomas Walker (Attorney-in-fact)

Key filing fact

Benjamin Forester Stein filed Form 4 for GTT Communications, Inc. on 02 Sep 2021.

Key facts

  • This page summarizes Benjamin Forester Stein's Form 4 filing for GTT Communications, Inc..
  • 2 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 02 Sep 2021, 07:46.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GTT transaction

Common Stock

Other

Transaction value
$0
Shares
-30,120
Change %
-100%
Price
$0.000000*
Shares after
0
Date
31 Aug 2021
Ownership
Direct
Footnotes
F1
GTT transaction

Common Stock

Other

Transaction value
$0
Shares
-15,875,000
Change %
-100%
Price
$0.000000*
Shares after
0
Date
31 Aug 2021
Ownership
By The Spruce House Partnership LLC
Footnotes
F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On August 31, 2021, the reporting person executed a stock power pursuant to which he irrevocably transferred all shares of the Issuer's common stock over which he had sole voting and dispositive power to the Issuer for no consideration.

Footnote F2

On August 31, 2021, The Spruce House Partnership LLC (the "Fund") entered into a Stock Transfer Agreement by and between the Issuer and the Fund. Pursuant to the Stock Transfer Agreement, the Fund, for no consideration, immediately upon the execution thereof, irrevocably transferred, assigned, conveyed and delivered to the Issuer (1) all of its right, title and interest in 1,376,370 shares of the Fund's shares of the Issuer's common stock and (2) any and all economic rights and interests associated with the Fund's remaining 14,498,630 shares of the Issuer's common stock (the "Remaining Shares") but retained its right, title and interest in any voting rights associated with the Remaining Shares.

Footnote F3

The reported securities are held in the account of the Fund. The reporting person is a managing member of Spruce House Capital LLC (the "General Partner"), the general partner of the Fund, and Spruce House Investment Management LLC (the "Investment Manager"), the investment manager of the Fund. The reporting person disclaims beneficial ownership of the reported securities held by the Fund, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.

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