VIATEL INC 4
4 · VIATEL INC · Filed Dec 17, 1999
Insider Transaction Report
Form 4
PIZZANI PAUL G
Director
Transactions
- Award
Common Stock, par value $.01 per share
1999-12-01$1.00/sh+700$700→ 700 total
Holdings
- 1,463
Time-based options (Right to buy)
Exercise: $8.71→ Common Stock (1,463 underlying)
Footnotes (2)
- [1]This grant of 700 shares of restricted Common Stock to Mr. Pizzani, which represent the non-cash portion of his 1999 director's fee (the "Granted Shares"), vests with respect to one-third of the total number of shares on January 1, 2000, and the remainder will vest on January 1, 2001 and January 1, 2002, on each such date to the extent of one-third of the total number of shares. The Granted Shares are subject to early vesting if shares of Viatel Common Stock are trading at or above $60.00 for 20 consecutive business days. The unvested portion of the Granted Shares are subject to forfeiture if Mr. Pizzani resigns prior to January 1, 2000.
- [2]These options are currently fully vested and exercisable.