Strong Gerald Porter 4
4 · TELEGLOBE INTERNATIONAL HOLDINGS LTD · Filed Jun 1, 2004
Insider Transaction Report
Form 4
Strong Gerald Porter
DirectorPresident and CEO
Transactions
- Other
Common Shares, par value $0.01 per share
2004-05-27+1,096,163→ 1,096,163 total(indirect: By Trust)
Footnotes (2)
- [F1]The reporting person is a director and officer of Teleglobe International Holdings Ltd (the "Company") and does not individually hold any securities of the Company. As of May 27, 2004, Teleglobe Bermuda Holdings Ltd ("Teleglobe Bermuda") holds 25,745,790 of the issued and outstanding common shares, par value $0.01 per share, of the Company. Teleglobe Bermuda, in its capacity as the beneficial owner of more than 10% of the common shares of the Company pursuant to Reg. 13d-3, separately files statements pursuant to Section 13 and Section 16 of the Securities Exchange Act of 1934, as amended. Pursuant to a Securities Exchange Agreement, dated as of May 27, 2004, among the Company, Teleglobe Bermuda and certain holders of common shares of Teleglobe Bermuda specified therein, a trust, the trustee of which is Royal Bank of Canada Trust Company (Bahamas) Ltd,
- [F2]and the beneficiaries of which include the reporting person, exchanged 1,096,163 common shares of Teleglobe Bermuda, on a one-for-one basis, for 1,096,163 common shares of the Company. The reporting person exercises no voting or investment control with respect to the common shares of the Company held by such trust. The reporting person disclaims all beneficial ownership of the common shares of the Company held by such trust; the reporting person's pecuniary interest in the common shares of the Company held by such trust is limited to his economic interest, if any, in the trust.