Uniti (UNIT) Form 4 Change in insider ownership

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

WINDSTREAM HOLDINGS, INC.

(Last) (First) (Middle)

4001 RODNEY PARHAM ROAD

(Street)

LITTLE ROCK AR 72212

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COMMUNICATIONS SALES & LEASING, INC. [ CSAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2016

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

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	06/15/2016		J(1)		14,703,993	D	(1)	14,681,071	I	By Windstream Services, LLC

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 Securities Underlying Derivative Security (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: 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

1. Name and Address of Reporting Person^*

WINDSTREAM HOLDINGS, INC.

(Last) (First) (Middle)

4001 RODNEY PARHAM ROAD

(Street)

LITTLE ROCK AR 72212

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

WINDSTREAM SERVICES, LLC

(Last) (First) (Middle)

4001 RODNEY PARHAM ROAD

(Street)

LITTLE ROCK AR 72212

(City) (State) (Zip)

Explanation of Responses:

1. On June 15, 2016, Windstream Services, LLC ("WIN Services"), a Delaware limited liability company wholly owned by Windstream Holdings, Inc., a Delaware corporation, transferred 14,703,993 shares of common stock, par value $0.0001 per share, of Communications Sales & Leasing, Inc. (the "Issuer") to WIN Services's creditors pursuant to a debt-for-equity exchange in satisfaction of approximately $308.7 million of outstanding revolving credit facility debt and to pay transaction fees and expenses, which, together, reflected consideration of $22.00 per share of Issuer's common stock.

Remarks:

	WINDSTREAM HOLDINGS, INC., WINDSTREAM SERVICES, LLC, By: /s/ Kristi Moody, Name: Kristi Moody, Title: Senior Vice President and Corporate Secretary	06/15/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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