4//SEC Filing
ODonnell Shawn Francis 4
Accession 0001144204-11-012488
CIK 0001136655other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 9:55 PM ET
Size
13.3 KB
Accession
0001144204-11-012488
Insider Transaction Report
Form 4
ARBINET CorpARBX
ODonnell Shawn Francis
DirectorCEO and President
Transactions
- Disposition to Issuer
Stock Appreciation Right
2011-02-28−18,751→ 0 totalExercise: $6.52Exp: 2019-02-18→ Common Stock (18,751 underlying) - Disposition to Issuer
Common Stock
2011-02-28−20,354→ 0 total - Tax Payment
Common Stock
2011-02-28$8.59/sh−2,299$19,748→ 20,444 total - Tax Payment
Common Stock
2011-02-28$8.59/sh−90$773→ 20,354 total - Disposition to Issuer
Stock Option (Right to buy)
2011-02-28−37,500→ 0 totalExercise: $8.20Exp: 2020-04-01→ Common Stock (37,500 underlying)
Footnotes (4)
- [F1]Includes the effect of a 1-for-4 reverse stock split, which was effected on June 11, 2010, upon the reporting person's holdings.
- [F2]This option vested as to 18,750 shares upon the effective time of Arbinet Corporation's ("Arbinet") merger with Primus Telecommunications Group, Incorporated ("Primus") on February 28, 2011 and 4,687 shares vest on April 1, 2011, and the remaining shares vest monthly thereafter, in equal installments, until April 1, 2014. This option was assumed by Primus in the merger and was replaced with an option to purchase 21,813 shares of Primus common stock with an exercise price of $14.10 per share.
- [F3]This stock appreciation right vested as to 9,375 shares upon the effective time of the merger on February 28, 2011 and the remaining 9,376 shares vest monthly thereafter, in equal installments, until February 18, 2013. This stock appreciation right was assumed by Primus in the merger and was replaced with a stock appreciation right to purchase 10,907 shares of Primus common stock with a base price of $11.21 per share.
- [F4]The common stock was disposed of pursuant to the merger agreement between Arbinet and Primus in exchange for 11,839 shares of Primus common stock having a market value of $15.60 per share on the effective date of the merger.
Documents
Issuer
ARBINET Corp
CIK 0001136655
Entity typeother
Related Parties
1- filerCIK 0001407032
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 9:55 PM ET
- Size
- 13.3 KB