Blanco Carlos T 4
4 · CENTENNIAL COMMUNICATIONS CORP /DE · Filed Nov 10, 2009
Insider Transaction Report
Form 4
Blanco Carlos T
President, Centennial de PR
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2009-11-06$8.50/sh−283,179$2,407,022→ 0 totalExercise: $9.45Exp: 2012-09-27→ Common Stock (283,179 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2009-11-06$8.50/sh−75,000$637,500→ 0 totalExercise: $8.37Exp: 2018-06-04→ Common Stock (75,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2009-11-06$8.50/sh−31,463$267,436→ 0 totalExercise: $9.45Exp: 2012-09-27→ Common Stock (31,463 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2009-11-06$8.50/sh−16,666$141,661→ 0 totalExercise: $5.82Exp: 2013-05-25→ Common Stock (16,666 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2009-11-06$8.50/sh−300,000$2,550,000→ 0 totalExercise: $10.19Exp: 2017-05-31→ Common Stock (300,000 underlying)
Footnotes (2)
- [F1]Pursuant to the Merger Agreement (as defined below) all stock options became fully vested at the closing of the transactions contemplated by the Merger Agreement.
- [F2]Pursuant to the Agreement and Plan of Merger dated as of November 7, 2008 (the "Merger Agreement") by and among Centennial Communications Corp., AT&T and Independent Merger Sub Inc., all stock options were cancelled and converted into the right to receive cash in an amount equal to the excess (if any) of $8.50 per share over the exercise price per share of the stock option multiplied by the number of shares subject to such stock option.