HIGHCREST INVESTORS CORP 4
4 · XO HOLDINGS INC · Filed May 2, 2006
Insider Transaction Report
Form 4
XO HOLDINGS INCXOHO.OB
ICAHN CARL C
DirectorChairman of the Board10% Owner
Transactions
- Sale
6% Class A Convertible Preferred Stock ("Preferred Stock")
2006-04-28$64.07/sh−1,725,000$110,520,750→ 2,075,000 total(indirect: PLEASE SEE REMARKS)From: 2004-08-06Exp: 2010-01-15→ Common Stock (20,607,234 underlying)
Footnotes (1)
- [F1]Each share of Preferred Stock is convertible into such number of shares of Common Stock of the Issuer as is obtained by dividing the liquidation preference of a share of Preferred Stock, which currently is $55.19, by the Conversion Price, which currently is $4.62. Accordingly, each share of Preferred Stock is currently convertible into approximately 11.9462 shares of the Issuer's Common Stock and the 1,725,000 shares of Preferred Stock are currently convertible into an aggregate of 20,607,234 shares of Common Stock.