Key facts
- This page summarizes Peter D. Aquino's Form 4 filing for ALASKA COMMUNICATIONS SYSTEMS GROUP INC.
- 4 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 23 Jul 2021, 19:37.
Peter D. Aquino - 22 Jul 2021 Form 4 Insider Report for ALASKA COMMUNICATIONS SYSTEMS GROUP INC
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 22 Jul 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 23 Jul 2021, 19:37:47 UTC
- Prior SEC filing
- 17 Jun 2021
- Next SEC filing
- 29 Sep 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Tiffany Hoogerhyde for Peter Aquino
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Peter D. Aquino filed Form 4 for ALASKA COMMUNICATIONS SYSTEMS GROUP INC on 23 Jul 2021.
Change
- Previous filing in this sequence was filed on 17 Jun 2021.
- 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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ALSK
transaction
Common stock, par value $.01
Disposed to Issuer
- Transaction value
- Shares
- -34,011
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 22 Jul 2021
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ALSK
transaction
Derivative
Restricted stock units
Disposed to Issuer
- Transaction value
- Shares
- 0
- Change %
- Price
- Shares after
- 0
- Date
- 22 Jul 2021
- Ownership
- Direct
- Underlying class
- common stock
- Underlying amount
- 0
- Exercise price
- Footnotes
- F2
ALSK
transaction
Derivative
Performance stock units
Disposed to Issuer
- Transaction value
- Shares
- 0
- Change %
- Price
- Shares after
- 0
- Date
- 22 Jul 2021
- Ownership
- Direct
- Underlying class
- common stock
- Underlying amount
- 0
- Exercise price
- Footnotes
- F3
ALSK
transaction
Derivative
Common stock units
Disposed to Issuer
- Transaction value
- Shares
- 0
- Change %
- Price
- Shares after
- 0
- Date
- 22 Jul 2021
- Ownership
- Direct
- Underlying class
- common stock
- Underlying amount
- 0
- Exercise price
- Footnotes
- F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Peter D. Aquino is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
On July 22, 2021, the Issuer was acquired by Alaska Management, Inc. ("Parent") pursuant to the Agreement and Plan of Merger (the "Agreement"), dated as of December 31, 2020, by and among Issuer, Parent and Project 8 MergerSub, Inc. (the "Merger"). At the effective time of the Merger (the "Effective Time"), each outstanding share of Issuer common stock (subject to limited exceptions) converted into the right to receive $3.40 in cash, without interest (the "Merger Consideration").
Footnote F2
Pursuant to the Agreement, each Issuer RSU outstanding immediately prior to the Effective Time was cancelled in exchange for cash equal to (i) the number of shares of Issuer common stock subject to such RSU multiplied by (ii) $3.40.
Footnote F3
Pursuant to the APM, each PSU outstanding immediately prior to the Effective Time was cancelled in exchange for the contingent right to cash equal to (i) the number of shares of common stock subject to such PSU based on attainment of the performance criteria discussed below multiplied by (ii) $3.40. PSUs subject to vesting based on stock price were certified by the Issuers Compensation Committee as met at $3.25 per share, resulting in 1/3 of PSUs becoming vested and payable and 2/3 of PSUs being forfeited. PSUs subject to vesting based on free cash flow ("FCPSUs"), were certified by such Committee as met at maximum levels (paid out at 150% of target for 2019 and 125% of target for 2020). Payment for FCPSUs remains contingent on time-based vesting conditions to be made at the earliest of (a) the current vesting date, subject to the continued employment through such date, (b) the anniversary of the Effective Time and (c) the date when the employment is terminated without cause.
Footnote F4
Pursuant to the Agreement, each CSU outstanding immediately prior to the Effective Time was cancelled in exchange for cash equal to (i) the number of shares of Issuer common stock subject to such CSU multiplied by (ii) $3.40.