FIBERNET TELECOM GROUP INC\ 4
4 · FIBERNET TELECOM GROUP INC\ · Filed Sep 9, 2009
Insider Transaction Report
Form 4
BROWN THOMAS G
Senior VP-Sales & Marketing
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2009-09-09−165→ 0 totalExercise: $2606.20From: 1999-12-17Exp: 2009-12-17→ Common Stock ($0.001 par value) (165 underlying) - Disposition to Issuer
Stock Option (right to buy)
2009-09-09−415→ 0 totalExercise: $96.00From: 2001-12-21Exp: 2011-12-21→ Common Stock ($0.001 par value) (415 underlying) - Disposition to Issuer
Common Stock ($0.001 par value)
2009-09-09$11.45/sh−114,011$1,305,426→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2009-09-09$0.15/sh−800$120→ 0 totalExercise: $11.30From: 2003-07-30Exp: 2013-07-30→ Common Stock ($0.001 par value) (800 underlying) - Disposition to Issuer
Stock Option (right to buy)
2009-09-09−82→ 0 totalExercise: $1124.90From: 2000-12-21Exp: 2010-12-21→ Common Stock ($0.001 par value) (82 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of May 28, 2009, by and among FiberNet Telecom Group, Inc. (the "Company"), Zayo Group, LLC and Zayo Merger Sub, Inc. (the "Merger Agreement"), in exchange for a cash payment of $11.45 per share of the Company's common stock (the "Common Stock") held by the reporting person.
- [F2]These options were, as a result of the consummation of the merger contemplated by the Merger Agreement, cancelled in exchange for the right to receive a cash payment equal to the product of the number of shares subject to such option multiplied by the excess, if any, of (a) $11.45 less (b) the exercise price per share of such option.
- [F3]Represents stock options cancelled at the Effective Time (as defined in the Merger Agreement), pursuant to the terms of the Merger Agreement. The reporting person did not receive any cash payment therefor as the exercise price exceeded the merger consideration of $11.45.