Heap Steven 4
4 · ARBINET Corp · Filed Jul 9, 2010
Insider Transaction Report
Form 4
ARBINET CorpARBX
Heap Steven
Chief Technology Officer
Transactions
- Award
Common Stock
2010-07-07+4,000→ 10,587 total - Tax Payment
Common Stock
2010-07-07$8.04/sh−1,288$10,353→ 9,299 total
Footnotes (4)
- [F1]Includes a grant of 4,000 shares of restricted stock, which vested fully at the time of grant, and was made in connection with Mr. Heap's departure from his employment with the issuer.
- [F2]Includes the effect of a 1-for-4 reverse stock split, which was effected on June 11, 2010, upon the reporting person's holdings.
- [F3]The disposition reported in this Form 4 resulted from the issuer withholding certain shares of the reporting person's restricted stock that were granted and vested on July 7, 2010 to fund the reporting person's tax withholding obligations upon the vesting of the restricted stock.
- [F4]The price for tax withholding purposes equals the closing price of the issuer's common stock as reported on NASDAQ on July 7, 2010.