Vaughn Jerry E 4

4 · Lumos Networks Corp. · Filed Nov 15, 2011

Form 4

Period: 2011-11-11

Director

Transactions

Award
Stock Option (Right to Buy)
2011-11-11$19.36/sh+10,897$210,966→ 10,897 total
Exercise: $19.36Exp: 2019-01-02→ Common Stock (10,897 underlying)
Award
Common Stock, Par Value $0.01 Per Share
2011-11-11+3,175→ 5,045 total
Award
Stock Option (Right to Buy)
2011-11-11$23.19/sh+10,897$252,701→ 10,897 total
Exercise: $23.19Exp: 2018-01-02→ Common Stock (10,897 underlying)
Award
Stock Option (Right to Buy)
2011-11-11$14.23/sh+7,227$102,840→ 7,227 total
Exercise: $14.23Exp: 2020-01-04→ Common Stock (7,227 underlying)
Award
Stock Option (Right to Buy)
2011-11-11$15.31/sh+6,824$104,475→ 6,824 total
Exercise: $15.31Exp: 2021-01-03→ Common Stock (6,824 underlying)

Footnotes (6)

[F1]Reflects automatic adjustments to outstanding share awards, made pursuant to the Employee Matters Agreement ("Employee Matters Agreement") between Lumos Networks Corp. ("Lumos") and NTELOS Holdings Corp. ("NTELOS") and approved by the Compensation Committee on November 11, 2011, to account for 2-for-1 reverse stock split by NTELOS and subsequent spin off of Lumos that occurred on October 31, 2011.
[F2]Balance reflects receipt of stock distribution by NTELOS on October 31, 2011 and automatic adjustments to outstanding share awards, made pursuant to the Employee Matters Agreement and approved by the Compensation Committee on November 11, 2011, to account for 2-for-1 reverse stock split by NTELOS and subsequent spin off of Lumos that occurred on October 31, 2011.
[F3]Exercise Price reflects automatic adjustment to outstanding option awards, made pursuant to the Employee Matters Agreement and approved by the Compensation Committee on November 11, 2011, to account for 2-for-1 reverse stock split by NTELOS and spin off of Lumos that occurred on October 31, 2011.
[F4]Number of options reflects automatic adjustment to outstanding option awards, made pursuant to the Employee Matters Agreement and approved by the Compensation Committee on November 11, 2011, to account for 2-for-1 reverse stock split by NTELOS and spin off of Lumos that occurred on October 31, 2011.
[F5]Option fully vested and currently exercisable.
[F6]Option vests on January 3, 2012.

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