XNAS:FRP FairPoint Communications Inc Insider Activity 4 Filing - 1/26/2012

Effective Date 1/26/2012

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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, 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
SABHERWAL AJAY
  2. Issuer Name and Ticker or Trading Symbol
FAIRPOINT COMMUNICATIONS INC [FRP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Exec. VP & CFO
(Last)
(First)
(Middle)
C/O FAIRPOINT COMMUNICATIONS, INC., 521 E. MOREHEAD STREET, SUITE 500
3. Date of Earliest Transaction (Month/Day/Year)
01/26/2012
(Street)

CHARLOTTE, NC 28202
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/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
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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
Common stock, par value $0.01 per share 01/26/2012   S(1)   100 D $4.19 33,900 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   300 D $4.2 33,600 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   100 D $4.205 33,500 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   145 D $4.21 33,355 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   200 D $4.22 33,155 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   100 D $4.23 33,055 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   100 D $4.24 32,955 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   100 D $4.245 32,855 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   200 D $4.25 32,655 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   100 D $4.295 32,555 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   100 D $4.31 32,455 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   200 D $4.32 32,255 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   200 D $4.34 32,055 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   100 D $4.345 31,955 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   200 D $4.385 31,755 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   100 D $4.39 31,655 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   200 D $4.405 31,455 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   200 D $4.435 31,255 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   200 D $4.455 31,055 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   100 D $4.46 30,955 D  
Common stock, par value $0.01 per share 01/26/2012   S(1)   100 D $4.48 30,855 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SABHERWAL AJAY
C/O FAIRPOINT COMMUNICATIONS, INC.
521 E. MOREHEAD STREET, SUITE 500
CHARLOTTE, NC 28202
      Exec. VP & CFO  

Signatures

 /s/ Ajay Sabherwal   01/27/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 10, 2011 and were made in accordance with such 10b5-1 plan to satisfy statutory tax withholding requirements upon the vesting of 8,500 restricted shares held by the reporting person under the FairPoint Communications, Inc. 2010 Long Term Incentive Plan.

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.

XNAS:FRP FairPoint Communications Inc Insider Activity 4 Filling

FairPoint Communications Inc XNAS:FRP Stock - Get Insider Activity SEC Filing of FairPoint Communications Inc XNAS:FRP stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNAS:FRP FairPoint Communications Inc Insider Activity 4 Filing - 1/26/2012
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