FALCONE PHILIP 4
4 · ABOVENET INC · Filed Jan 10, 2006
Insider Transaction Report
Form 4
ABOVENET INCABVT
HMC INVESTORS, L.L.C.
10% Owner
Transactions
- Purchase
5 Year Warrants
2006-01-06$8.50/sh+2,421$20,579→ 5,916 total(indirect: By LLC)Exercise: $20.00From: 2003-09-08Exp: 2008-09-08→ Common Stock (2,421 underlying) - Purchase
7 Year Warrants
2006-01-06$5.50/sh+2,845$15,648→ 6,955 total(indirect: By LLC)Exercise: $24.00From: 2003-09-08Exp: 2010-09-08→ Common Stock (2,845 underlying)
Holdings
- 151,774(indirect: By Harbert Distressed Investment Master Fund, Ltd.)
5 Year Warrants
Exercise: $20.00From: 2003-09-08Exp: 2008-09-08→ Common Stock (0 underlying) - 178,561(indirect: By Harbert Distressed Investment Master Fund, Ltd.)
7 Year Warrants
Exercise: $24.00From: 2003-09-08Exp: 2010-09-08→ Common Stock (0 underlying)
Footnotes (2)
- [F1]These securities may be deemed to be beneficially owned by HMC Investors, L.L.C., the managing member of the investment manager of Harbert Distressed Investment Master Fund, Ltd. ("HMC Investors"), Philip Falcone, a member of HMC Management and the portfolio manager of Harbert Distressed Investment Master Fund, Ltd., Raymond J. Harbert, a member of HMC Investors, and Michael D. Luce, a member of HMC Investors. Each such Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- [F2]These securities may be deemed to be beneficially owned by HMC Investors, Philip Falcone, who is the portfolio manager of Alpha US Sub Fund VI, LLC, Raymond J. Harbert and Michael D. Luce. Each such Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose