US LEC CORP 4
4 · US LEC CORP · Filed Sep 28, 2006
Insider Transaction Report
Form 4
US LEC CORPCLEC
BLACKEY JEFFREY
Other
Transactions
- Sale
Class A Common Stock
2006-09-27$6.62/sh−15,000$99,300→ 5,500 total - Exercise/Conversion
Class A Common Stock
2006-09-27$2.08/sh+15,000$31,200→ 20,500 total - Exercise/Conversion
Employee Stock Option (right to buy)
2006-09-27−15,000→ 50,000 totalExercise: $2.08Exp: 2016-03-27→ Class A Common Stock (15,000 underlying)
Footnotes (1)
- [F1]The Option vests in the following installments: 50% on March 27, 2006, 25% on March 27, 2007 and the remaining 25% on March 27, 2008.