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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 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 |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
ARCTIC SLOPE REGIONAL CORP 3900 C STREET SUITE 801 ANCHORAGE, AK 99503 |
X |
Denali Kemppel, EVP, General Counsel, on behalf of Arctic Slope Regional Corporation | 10/22/2010 | |
**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) | On October 21, 2010, Arctic Slope Regional Corporation ("ASRC") and General Communication, Inc. (the "Issuer") entered into a Stock Purchase Agreement whereby the Issuer purchased 7,486,240 shares of Class A Common Stock, no par value (the "Class A Common Stock"), of the Issuer, which represented all of the outstanding shares of Class A Common Stock held by ASRC, for an aggregate purchase price of $76,031,750.69. The aggregate amount of shares of Class A Common Stock sold by ASRC to the Issuer includes 5,000 shares of Class A Common Stock held by ASRC that were inadvertently excluded from the number of shares previously disclosed on the Form 3 filed by ASRC on April 25, 2008. These excluded 5,000 shares of Class A Common Stock were not the result of a stock purchase. |
(2) | The aggregate purchase price of $76,031,750.69 was calculated by multiplying 7,486,240 by the average per share volume-weighted price over five consecutive trading days. |