Sears Leslie Jeanne 4
4 · RCN CORP /DE/ · Filed Aug 17, 2009
Insider Transaction Report
Form 4
RCN CORP /DE/RCNI
Sears Leslie Jeanne
SVP & Controller
Transactions
- Award
Employee Stock Option (right to buy)
2009-08-12$9.05/sh+18,072$163,552→ 18,072 totalExercise: $9.05Exp: 2016-08-12→ Common Stock (18,072 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2009-08-12−76,086→ 0 totalExercise: $17.42Exp: 2013-06-05→ Common Stock (76,086 underlying)
Footnotes (3)
- [F1]On August 12, 2009, the issuer canceled, pursuant to the issuer's stock option exchange program, an option for 76,086 shares of RCN Corporation common stock granted to the reporting person on June 28, 2006. In exchange, the reporting person received a new option for 18,072 shares of RCN Corporation common stock, having an exercise price of $9.05 per share.
- [F2]The canceled option provided for vesting in three equal annual installments beginning on June 30, 2007.
- [F3]The option is exercisable in three equal annual installments beginning on August 12, 2010.