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SHENANDOAH TELECOMMUNICATIONS CO/VA/ — Director's Dealing 2012
Jun 28, 2012
32486_dirs_2012-06-28_e4e45545-fcb8-4bd1-9436-8524c454ed6c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK: 0000354963
Period of Report: 2012-06-21
Reporting Person: MACKENZIE EARLE A (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-06-21 | Common Stock | A | 1718 | $11.97 | Acquired | 28125 | Direct |
| 2012-06-21 | Common Stock | F | 553 | $11.97 | Disposed | 27572 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-06-21 | Restricted Stock Units | $ | M | 1718 | Disposed | 2014-06-21 | Common Stock (1718) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 687 | Indirect |
| Common Stock | 146040 | Indirect |
| Common Stock | 142080 | Indirect |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of common stock.
F2: The restricted stock units vest 1/4 on each the first, second, third and fourth anniversary subject to the continuous employment by the Company or one of its affiliates until the date of vesting. Vested shares will be delivered to the reporting person on the vesting date. The restricted stock units are subject to forfeiture in accordance with the Company's executive compensation recovery policy.
F3: These shares are held in trust for the benefit of certain relatives of Mr. McKenzie. Mr. McKenzie disclaims beneficial ownership of the shares as to which he has no pecuniary interes.