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ALSK Alaska Communications Systems Group Inc

3.40
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Alaska Communications Systems Group Inc NASDAQ:ALSK NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.40 3.39 3.40 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

19/06/2020 11:04pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Gutcher Jim
2. Issuer Name and Ticker or Trading Symbol

ALASKA COMMUNICATIONS SYSTEMS GROUP INC [ ALSK ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
VP, Strategy and Product Mgt.
(Last)          (First)          (Middle)

C/O ALASKA COMMUNICATIONS SYSTEMS, 600 TELEPHONE AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

6/17/2020
(Street)

ANCHORAGE, AK 99503
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units $0.00 (1)6/17/2020  A   17681     (2)6/17/2030 Common Stock 17681 $0.00 17681 D  
Performance Stock Units $0.00 (1)6/17/2020  A   17681     (3)6/17/2030 (4)Common Stock 17681 $0.00 17681 D  

Explanation of Responses:
(1) Restricted stock unit award under the Alaska Communications Systems Group, Inc. 2011 Incentive Award Plan.
(2) Amount represents restricted stock units granted under the Alaska Communications Systems Group, Inc. 2011 Incentive Award Plan which will vest in three equal annual installments beginning on the first company business day on or after June 17, 2021, subject to continued employment.
(3) 70% of PSUs are comprised of one tranche with a performance period of three years. This tranche will vest if the Company's Cumulative Adjusted Free Cash Flow meets or exceeds the identified vesting amount during the performance period for that tranche. 30% of PSUs are comprised of three tranches with performance periods of one, two, or three years. Each tranche will vest if the Company's stock price measured over 10 consecutive trading days meets or exceeds the identified vesting price for that tranche during the performance period for that tranche.
(4) Any tranches that do not vest within their identified vesting time frame shall immediately terminate after the close of the vesting period and be forfeited without any settlement, thereunder. All awards subject to continued employment.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Gutcher Jim
C/O ALASKA COMMUNICATIONS SYSTEMS
600 TELEPHONE AVENUE
ANCHORAGE, AK 99503


VP, Strategy and Product Mgt.

Signatures
/s/ Leonard Steinberg for Jim Gutcher6/19/2020
**Signature of Reporting PersonDate

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