4//SEC Filing
LEVEL 3 COMMUNICATIONS INC 4
Accession 0000794323-05-000140
CIK 0000794323operating
Filed
May 26, 8:00 PM ET
Accepted
May 27, 4:40 PM ET
Size
8.4 KB
Accession
0000794323-05-000140
Insider Transaction Report
Form 4
CHOKSI SUREEL A
Executive Vice President
Transactions
- Sale
Common Stock
2005-05-27$2.01/sh−40,895$82,199→ 612,198 total - Award
Common Stock
2005-05-27+100,000→ 653,093 total
Holdings
- 15,646(indirect: By 401(k))
Common Stock
Footnotes (2)
- [F1]Pursuant to the terms of the Convertible Outperform Stock Option, the Reporting Person elected to receive one share of Common Stock in exchange for each Convertible Outperform Stock Option exercised for a zero exercise price.
- [F2]The transaction reported represents the results of the exercise by the Reporting Person of convertible outperform stock options that were originally granted to the Reporting Person in September 2001. These convertible outperform stock options were scheduled to expire on September 1, 2005. The shares of common stock shown to have been disposed of by the Reporting Person represents those shares of common stock sold by the Reporting Person to provide cash proceeds to enable the Reporting Person to satisfy the withholding tax requirement that was created upon the exercise of the convertible outperform stock options. The balance of the shares acquired from this exercise are being retained by the Reporting Person.
Documents
Issuer
LEVEL 3 COMMUNICATIONS INC
CIK 0000794323
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000794323
Filing Metadata
- Form type
- 4
- Filed
- May 26, 8:00 PM ET
- Accepted
- May 27, 4:40 PM ET
- Size
- 8.4 KB