XNAS:NTLS Insider Activity 4 Filing - 2/29/2012

Effective Date 2/29/2012

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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 *
McAvoy Robert L. Jr
  2. Issuer Name and Ticker or Trading Symbol
NTELOS HOLDINGS CORP [NTLS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP - Engineering & Operations
(Last)
(First)
(Middle)
C/O NTELOS HOLDINGS CORP., 1154 SHENANDOAH VILLAGE DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
02/29/2012
(Street)

WAYNESBORO, VA 22980
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 02/29/2012   A   5,599(1) A $ 0 29,998(2) D  
Common Stock, Par Value $0.01 Per Share               557.282(2) I By 401(k) Plan

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
Stock Option (Right to Buy) $23.25 02/29/2012   A   39,968     (3) 02/28/2022 Common Stock 39,968 $ 0 39,968 D  
Stock Option (Right to Buy) $22.4(9)               (4) 03/05/2017 Common Stock 7,290(10)   7,290(10) D  
Stock Option (Right to Buy) $26.32(9)               (5) 03/03/2018 Common Stock 7,290(10)   7,290(10) D  
Stock Option (Right to Buy) $22.25(9)               (6) 03/02/2019 Common Stock 7,289(10)   7,289(10) D  
Stock Option (Right to Buy) $21.53(9)               (7) 03/01/2020 Common Stock 13,927(10)   13,927(10) D  
Stock Option (Right to Buy) $23.98(9)               (8) 02/28/2021 Common Stock 11,266(10)   11,266(10) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
McAvoy Robert L. Jr
C/O NTELOS HOLDINGS CORP.
1154 SHENANDOAH VILLAGE DRIVE
WAYNESBORO, VA 22980
      SVP - Engineering & Operations  

Signatures

 /s/ Brian J. O'Neil, attorney-in-fact for Robert L. McAvoy Jr.   03/02/2012
** 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) Restricted stock cliff vests on February 27, 2015.
(2) Balance reflects 1-for-2 reverse stock split effected on October 31, 2011 and also reflects automatic adjustments to outstanding share awards, made pursuant to the Employee Matters Agreement and approved by the Compensation Committee on November 11, 2011, to account for 1-for-2 reverse stock split and spin off of Lumos Networks Corp. ("Lumos") that occurred on October 31, 2011.
(3) Vests 25% on each of February 28, 2013; February 28, 2014; February 27, 2015; and February 29, 2016.
(4) Option fully vested and currently exercisable.
(5) 5,467 options are currently vested and exercisable; 1,823 options are scheduled to vest and become exercisable on March 3, 2012.
(6) 5,467 options are currently vested and exercisable; 1,822 options are scheduled to vest and become exercisable on March 2, 2013.
(7) 6,963 options are currently vested and exercisable; 3,482 options are scheduled to vest and become exercisable on March 1, 2013; and 3,482 options are scheduled to vest and become exercisable on March 1, 2014.
(8) 2,816 options are vested and currently exercisable, 2,817 options are scheduled to vest and become exercisable on February 28, 2013; 2,816 options are scheduled to vest and become exercisable on February 28, 2014; and 2,817 options are scheduled to vest and become exercisable on February 28, 2015.
(9) Exercise Price reflects automatic adjustment to outstanding option awards, made pursuant to the Employee Matters Agreement and approved by the Compensation Committee on November 11, 2011, to account for 1-for-2 reverse stock split and spin off of Lumos that occurred on October 31, 2011.
(10) Balance reflects automatic adjustments to outstanding option awards, made pursuant to the Employee Matters Agreement and approved by the Compensation Committee on November 11, 2011, to account for 1-for-2 reverse stock split and spin off of Lumos that occurred on October 31, 2011.

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XNAS:NTLS NTELOS Holdings Corp Insider Activity 4 Filling

NTELOS Holdings Corp XNAS:NTLS Stock - Get Insider Activity SEC Filing of NTELOS Holdings Corp XNAS:NTLS stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNAS:NTLS Insider Activity 4 Filing - 2/29/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Title |  Date |  Company |  Symbol |  Interest |  Popularity

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