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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted stock units | $ 0 | 12/19/2008 | A | 20,169 | 12/19/2009(3) | 12/19/2010(3) | Common stock | 20,169 | $ 0 | 22,669 | D | ||||
Stock settled stock appreciation rights | $ 9.09 | 12/19/2008 | A | 275,000 (4) | 12/19/2008(4) | 12/19/2013 | Common stock | 275,000 | $ 0 | 275,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Vadapalli Anand C/O ALASKA COMMUNICATIONS SYSTEMS 600 TELEPHONE AVE ANCHORAGE, AK 99503 |
Senior VP, Networks & IT |
/s/Anand Vadapalli | 12/22/2008 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Time vesting restricted stock award under the Alaska Communications Systems Group, Inc. 1999 Stock Incentive Plan |
(2) | Includes 10,084 shares vested as of December 19, 2008 pursuant to a time vesting restricted stock agreement. Excludes 20,169 of unvested shares subject to future time and/or employment conditions. |
(3) | Time vesting restricted stock award scheduled to vest 1/2 each year over two (2) years, subject to continued employment. |
(4) | Each SAR consists of the right to receive an amount, in common stock, equal to the excess in fair market value of a share of common stock the date of exercise over the exercise price of the SAR. The SARs vest 1/3 on the date of grant, 1/3 on December 19, 2009 and 1/3 on December 19, 2010, subject to continued employment. |