Penney John B 4
4 · ARBINET Corp · Filed Feb 23, 2011
Insider Transaction Report
Form 4
ARBINET CorpARBX
Penney John B
Director
Transactions
- Exercise/Conversion
Common Stock
2011-02-18$6.88/sh+1,750$12,040→ 7,250 total - Exercise/Conversion
Stock Option (Right to Buy)
2011-02-18−1,750→ 0 totalExercise: $6.88Exp: 2019-06-16→ Common Stock (1,750 underlying)
Footnotes (3)
- [F1]The acquisition of common stock resulted from the cash exercise of a stock option, vested as of June 16, 2010 as to 1,750 shares of common stock. The number of shares vested and the exercise price include the effect of a 1-for-4 reverse stock split, which occurred on June 11, 2010.
- [F2]The stock option exercised was issued on June 16, 2009 and reported on a Form 4 on June 18, 2009. All terms remain the same other than the pro rata adjustments resulting from the reverse stock split referenced in note 1 above.
- [F3]The stock option vested fully as to the 1,750 shares on June 16, 2010.