0001571049-16-013022.txt : 20160314 0001571049-16-013022.hdr.sgml : 20160314 20160314182310 ACCESSION NUMBER: 0001571049-16-013022 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160310 FILED AS OF DATE: 20160314 DATE AS OF CHANGE: 20160314 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: OTELCO INC. CENTRAL INDEX KEY: 0001288359 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 522128395 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 505 THIRD AVE E CITY: ONEONTA STATE: AL ZIP: 35121 BUSINESS PHONE: 205-625-3574 MAIL ADDRESS: STREET 1: 505 THIRD AVE E CITY: ONEONTA STATE: AL ZIP: 35121 FORMER COMPANY: FORMER CONFORMED NAME: RURAL LEC ACQUISITION LLC DATE OF NAME CHANGE: 20040423 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Garner Curtis Lee JR CENTRAL INDEX KEY: 0001310427 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32362 FILM NUMBER: 161505085 MAIL ADDRESS: STREET 1: 505 3RD AVENUE EAST CITY: ONEONTA STATE: AL ZIP: 35121 4 1 t1600654_x3-garner.xml OWNERSHIP DOCUMENT X0306 4 2016-03-10 0 0001288359 OTELCO INC. OTEL 0001310427 Garner Curtis Lee JR 505 3RD AVENUE EAST ONEONTA AL 35121 1 1 0 0 Chief Financial Officer Class A Common Stock 2016-03-14 4 M 0 10750 A 17983 D Class A Common Stock 2016-03-14 4 F 0 4053 5.10 D 13930 D Class A Common Stock 164 I As UGMA custodian for granddaughter Class A Common Stock 164 I As UGMA custodian for granddaughter Restricted Stock Units 2016-03-10 4 A 0 19194 0 A Class A Common Stock 19194 19194 D Restricted Stock Units 2016-03-14 4 M 0 6398 0 D Class A Common Stock 6398 12796 D Restricted Stock Units 2016-03-14 4 M 0 4352 0 D Class A Common Stock 4352 4353 D Each restricted stock unit ("RSU") represents a right to receive one share of Otelco Inc. Class A Common Stock. These securities are held by Uniform Gifts to Minors Act accounts for the benefit of the reporting person's granddaughters. The reporting person is custodian of such accounts. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for Section 16 or for any other purpose. The RSUs vest in three installments: 6,398 RSUs vested on March 14, 2016; 6,398 RSUs vest on March 13, 2017; and 6,398 RSUs vest on March 13, 2018. The RSUs vest in three installments: 4,352 RSUs vested on March 13, 2015; 4,352 RSUs vested on March 14, 2016; and 4,353 RSUs vest on March 13, 2017. /s/ Curtis L. Garner, Jr. 2016-03-14