4//SEC Filing
Vaughn Jerry E 4
Accession 0001127602-17-032577
CIK 0001520744other
Filed
Nov 16, 7:00 PM ET
Accepted
Nov 17, 3:24 PM ET
Size
18.6 KB
Accession
0001127602-17-032577
Insider Transaction Report
Form 4
Vaughn Jerry E
Director
Transactions
- Disposition to Issuer
Common Stock, Par Value $0.01 Per Share
2017-11-17$18.00/sh−32,691$588,438→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2017-11-17−6,824→ 0 totalExercise: $15.31→ Common Stock (6,824 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-11-17−7,227→ 0 totalExercise: $14.23→ Common Stock (7,227 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-11-17−10,897→ 0 totalExercise: $19.36→ Common Stock (10,897 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-11-17−10,897→ 0 totalExercise: $23.19→ Common Stock (10,897 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-11-17−1,775→ 0 totalExercise: $20.35→ Common Stock (1,775 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-11-17−3,791→ 0 totalExercise: $16.89→ Common Stock (3,791 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement") among Lumos Networks Corp., a Delaware corporation (the "Company"), MTN Infrastructure TopCo, Inc., a Delaware corporation ("Parent"), and MTN Infrastructure BidCo, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent ("Merger Sub"), on November 17, 2017, Merger Sub merged with and into the Company, with the Company surviving as a wholly-owned subsidiary of Parent (the "Merger"). Immediately prior to the effective time of the Merger, shares of Company restricted stock automatically vested and the restrictions thereon lapsed. This represents shares disposed of pursuant to the Merger Agreement and related transactions upon completion of the Merger. These dispositions are exempt under Rule 16b-3(e).
- [F2]Immediately prior to the effective time of the Merger, each option to purchase shares of Company common stock that was then outstanding automatically vested and was cancelled and entitled the option holder to receive an amount in cash equal to the product of (i) the total number of shares of Company common stock subject to the option and (ii) the amount, if any, by which the $18.00 merger consideration exceeded the applicable exercise price per share of Company common stock underlying the option (less any applicable withholding taxes).
Documents
Issuer
Lumos Networks Corp.
CIK 0001520744
Entity typeother
Related Parties
1- filerCIK 0001310312
Filing Metadata
- Form type
- 4
- Filed
- Nov 16, 7:00 PM ET
- Accepted
- Nov 17, 3:24 PM ET
- Size
- 18.6 KB