MAYBERRY PHILLIP 4
4 · CENTENNIAL COMMUNICATIONS CORP /DE · Filed Nov 10, 2009
Insider Transaction Report
Form 4
MAYBERRY PHILLIP
President, US Wireless Ops.
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2009-11-06$8.50/sh−117,990$1,002,915→ 0 totalExercise: $8.40Exp: 2012-06-01→ Common Stock (117,990 underlying) - Sale
Common Stock
2009-11-06$8.50/sh−299,897$2,549,125→ 0 total - 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−50,000$425,000→ 0 totalExercise: $5.82Exp: 2013-05-25→ Common Stock (50,000 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.