US LEC CORP 4
4 · US LEC CORP · Filed Dec 22, 2006
Insider Transaction Report
Form 4
US LEC CORPCLEC
RUFFALO DANIEL R
Senior VP, Customer Relations
Transactions
- Exercise/Conversion
Class A Common Stock
2006-12-21$2.08/sh+13,000$27,040→ 22,070 total - Exercise/Conversion
Class A Common Stock
2006-12-21$2.08/sh+7,000$14,560→ 11,059 total(indirect: By Spouse) - Sale
Class A Common Stock
2006-12-21$8.78/sh−7,000$61,442→ 4,059 total(indirect: By Spouse) - Exercise/Conversion
Employee Stock Option (right to buy)
2006-12-21−7,000→ 23,000 total(indirect: By Spouse)Exercise: $2.08Exp: 2016-03-27→ Class A Common Stock (7,000 underlying) - Sale
Class A Common Stock
2006-12-21$8.78/sh−13,000$114,106→ 9,070 total - Exercise/Conversion
Employee Stock Option (right to buy)
2006-12-21−13,000→ 64,000 totalExercise: $2.08Exp: 2016-03-27→ Class A Common Stock (13,000 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.