Naaden Brian T 4
4 · IOWA TELECOMMUNICATIONS SERVICES INC · Filed Nov 25, 2009
Insider Transaction Report
Form 4
Naaden Brian T
VP and CIO
Transactions
- Exercise/Conversion
Common Stock
2009-11-24$0.09/sh+5,000$470→ 61,106 total - Exercise/Conversion
Stock Option (right to buy)
2009-11-24−5,000→ 6,232 totalExercise: $0.09From: 2002-04-26Exp: 2012-04-25→ Common Stock (5,000 underlying) - Sale
Common Stock
2009-11-24$15.74/sh−5,000$78,721→ 56,106 total
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.68 to $15.83, inclusive. The reporting person undertakes to provide Iowa Telecommunications Services, Inc., any security holder of Iowa Telecommunications Services, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F2]Pursuant to the option plan under which the option was granted, the exercise price has been reduced by the per share amount of dividends paid by the Company on its common stock since the date of option grant.