BILTZ TIMOTHY G 4
4 · Lumos Networks Corp. · Filed Apr 30, 2012
Insider Transaction Report
Form 4
BILTZ TIMOTHY G
President & CEO
Transactions
- Award
Stock Option (Right to Buy)
2012-04-26+250,000→ 250,000 totalExercise: $8.73Exp: 2016-04-26→ Common Stock (250,000 underlying) - Award
Common Stock, Par Value $0.01 Per Share
2012-04-26+165,000→ 171,370 total
Footnotes (3)
- [F1]Restricted stock vests in four annual installments beginning on December 31, 2012 and ending on December 31, 2015, with 33 1/3% vesting on each of the two initial vesting dates and 16 1/6% vesting on the subsequent vesting date.
- [F2]Vests in two 25% annual installments on each of December 31, 2012 and December 31, 2013, and thereafter vest on a quarterly basis until December 31, 2015.
- [F3]50% vest upon the Company's stock price reaching $17.50 and closing at or above that level for 20 days in a 30 day period and 50% vest upon the Company's stock price reachiing $22.50 and closing at or above that level for 20 days in a 30 day period.