Shentel - Shenandoah Telecommunications Co.

10/11/2024 | Press release | Distributed by Public on 10/11/2024 14:25

Statement of Changes in Beneficial Ownership - Form 4

Ownership Submission
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 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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1. Name and Address of Reporting Person *
FRENCH CHRISTOPHER E
2. Issuer Name and Ticker or Trading Symbol
SHENANDOAH TELECOMMUNICATIONS CO/VA/ [SHEN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
President & CEO /
(Last) (First) (Middle)
PO BOX 459
3. Date of Earliest Transaction (Month/Day/Year)
(Street)
EDINBURG VA 22824
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Join/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code 4. Securities Acquired (A) or Disposed of (D) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) 6. Ownership Form: Direct (D) or Indirect (I) 7. Nature of Indirect Beneficial Ownership
Code V Amount (A) or (D) Price
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security 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 5. Number of Derivative Securities Acquired (A) or Disposed of (D) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security 8. Price of Derivative Security 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) 11. Nature of Indirect Beneficial Ownership
Code V (A) (D) Date Exercisable Expriation Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FRENCH CHRISTOPHER E
PO BOX 459

EDINBURG, VA22824


President & CEO

Signatures

Christopher E French 2024-10-11
**Signature of Reporting Person Date

Explanation of Responses:

(*) If the form is filed by more than one reporting person, see Instruction 5(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) Represents the vesting of performance-based Restricted Stock Units granted September 21, 2021. Performance for this award was measured based on the Issuer's relative total shareholder return (TSR) compared to the TSR of a group of companies in the NASDAQ Telecom Index with a Market Cap between 100 million and 100 billion, above and below the Issuer's then current Market Cap.
(2) The total indirect beneficial ownership reflects a transfer of 102,855 shares from TTEE U/A WBF fbo Grandchildren to the indirect beneficial ownership account TTEE FGCT fbo Rebecca.
(3) The total indirect beneficial ownership reflects a transfer of 101,640 shares from TTEE U/A WBF fbo Grandchildren to the indirect beneficial ownership account TTEE FGCT fbo Warren.
(4) The total indirect beneficial ownership reflects a transfer of 99,537 shares from TTEE U/A WBF fbo Grandchildren to the indirect beneficial ownership account TTEE FGCT fbo Stuart.
(5) Transfer of 102,855 shares from the indirect beneficial ownership account TTEE U/A WBF fbo Grandchildren to indirect beneficial ownership account TTEE FGCT fbo Rebecca.
(6) Transfer of 101,640 shares from the indirect beneficial ownership account TTEE U/A WBF fbo Grandchildren to the indirect beneficial ownership account TTEE FGCT fbo Warren.
(7) Transfer of 99,537 shares from the indirect beneficial ownership account TTEE U/A WBF fbo Grandchildren to the indirect beneficial ownership account TTEE FGCT fbo Stuart.
(8) These shares are held in trust for the benefit of certain relatives of Mr. French. Mr. French disclaims beneficial ownership of the shares as to which he has no pecuniary interest and this filing is not an admission that Mr. French is the beneficial owner of such shares.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.