BROOKS FIBER PROPERTIES INC 4
4 · BROOKS FIBER PROPERTIES INC · Filed Feb 10, 1998
Insider Transaction Report
Form 4
SOLOMON DAVID L
Executive Vice President and Chief Financial Officer
Transactions
- Exercise of In-Money
Common Stock
1998-01-08$22.17/sh+20$443
Footnotes (1)
- [1]Each outstanding share of Brooks Fiber Properties, Inc. ("BFP") common stock was exchanged for 1.85 shares of WorldCom, Inc. ("WorldCom") common stock, having a value of $34.984 per share, pursuant to the merger of a wholly-owned subsidiary of WorldCom into BFP (the "Merger"). (2) Represents securities owned directly by the Solomon Family Foundation, of which the reporting person, is trustee. The reporting person disclaims beneficial ownership of such securities, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. (3) Represents securities owned directly by David L. Solomon, Jr.; David L. Solomon, Jr. is a son of the reporting person and shares the reporting person's household. The reporting person disclaims beneficial ownership of such securities, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. (4) Represents securities owned directly by Bryan B. Solomon; Bryan B. Solomon is a son of the reporting person and shares the reporting person's household. The reporting person disclaims beneficial ownership of such securities, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. (5) Represents securities owned directly by Kathleen A. Solomon; Kathleen A. Solomon is a daughter of the reporting person and shares the reporting person's household. The reporting person disclaims beneficial ownership of such securities, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. (6) Represents securities owned directly by Caroline R. Solomon; Caroline R. Solomon is a daughter of the reporting person and shares the reporting person's household. The reporting person disclaims beneficial ownership of such securities, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. (7) This option was assumed by WorldCom in the Merger and is now exercisable for 37,000 shares of WorldCom common stock at an exercise price of $3.568 per share. (8) This option was assumed by WorldCom in the Merger and is now exercisable for 123,334 shares of WorldCom common stock at an exercise price of $6.757 per share. (9) This option was assumed by WorldCom in the Merger and is now exercisable for 72,185 shares of WorldCom common stock at an exercise price of $13.784 per share.