4//SEC Filing
DAVIS WILLIAM G JR 4
Accession 0001127602-17-032585
CIK 0001520744other
Filed
Nov 16, 7:00 PM ET
Accepted
Nov 17, 3:36 PM ET
Size
22.4 KB
Accession
0001127602-17-032585
Insider Transaction Report
Form 4
DAVIS WILLIAM G JR
SVP Marketing & Investor Rel.
Transactions
- Exercise/Conversion
Common Stock, Par Value $0.01 Per Share
2017-11-17$8.26/sh+4,500$37,170→ 55,518 total - Exercise/Conversion
Stock Option (Right to Buy)
2017-11-17−10,000→ 0 totalExercise: $14.85→ Common Stock (10,000 underlying) - Exercise/Conversion
Common Stock, Par Value $0.01 Per Share
2017-11-17$14.85/sh+10,000$148,500→ 68,938 total - Disposition to Issuer
Common Stock, Par Value $0.01 Per Share
2017-11-17$18.00/sh−1,456.96$26,225→ 0 total(indirect: By 401(k)) - Exercise/Conversion
Common Stock, Par Value $0.01 Per Share
2017-11-17$11.31/sh+3,420$38,680→ 58,938 total - Exercise/Conversion
Stock Option (Right to Buy)
2017-11-17−4,500→ 0 totalExercise: $8.26→ Common Stock (4,500 underlying) - Tax Payment
Common Stock, Par Value $0.01 Per Share
2017-11-17$18.00/sh−12,463$224,334→ 56,475 total - Disposition to Issuer
Common Stock, Par Value $0.01 Per Share
2017-11-17$18.00/sh−56,475$1,016,550→ 0 total - Exercise/Conversion
Stock Option (Right to Buy)
2017-11-17−3,420→ 0 totalExercise: $11.31→ Common Stock (3,420 underlying)
Footnotes (3)
- [F1]Shares withheld by Lumos Networks Corp., a Delaware corporation (the "Company"), for net settlement of option cost for stock options exercised immediately prior to the Merger (defined below).
- [F2]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement") among 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).
- [F3]Pursuant to the Merger Agreement, these stock options were exercised immediately prior to the Merger and were net settled in shares.
Issuer
Lumos Networks Corp.
CIK 0001520744
Entity typeother
Related Parties
1- filerCIK 0001669060
Filing Metadata
- Form type
- 4
- Filed
- Nov 16, 7:00 PM ET
- Accepted
- Nov 17, 3:36 PM ET
- Size
- 22.4 KB