Penney John B 4
4 · ARBINET Corp · Filed Mar 2, 2011
Insider Transaction Report
Form 4
ARBINET CorpARBX
Penney John B
Director
Transactions
- Disposition to Issuer
Common Stock
2011-02-28−7,250→ 0 total
Footnotes (3)
- [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]The common stock was subject to restrictions at the time of issuance and the restrictions had lapsed with respect to 5,501 shares prior to Arbinet Corporation's ("Arbinet") merger with Primus Telecommunications Group, Incorporated ("Primus") on February 28, 2011 and the restrictions lapsed with respect to the remaining 1,749 shares upon the effective time of the merger on February 28, 2011.
- [F3]The common stock was disposed of pursuant to the merger agreement between Arbinet and Primus in exchange for 4,217 shares of Primus common stock having a market value of $15.60 per share on the effective date of the merger.