4//SEC Filing
Cecin Jose A Jr 4
Accession 0001144204-11-012490
CIK 0001136655other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 9:57 PM ET
Size
8.1 KB
Accession
0001144204-11-012490
Insider Transaction Report
Form 4
ARBINET CorpARBX
Cecin Jose A Jr
Director
Transactions
- Disposition to Issuer
Common Stock
2011-02-28−2,500→ 0 total - Disposition to Issuer
Stock Option (Right to buy)
2011-02-28−1,750→ 0 totalExercise: $6.88Exp: 2019-06-16→ Common Stock (1,750 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 was vested as to 1,750 shares prior to Arbinet Corporation's ("Arbinet") merger with Primus Telecommunications Group, Incorporated ("Primus") on February 28, 2011. This option was assumed by Primus in the merger and was replaced with an option to purchase 1,017 shares of Primus common stock with an exercise price of $11.83 per share.
- [F3]The common stock was subject to restrictions at the time of issuance and the restrictions had lapsed with respect to 1,146 shares prior to the merger and the restrictions lapsed with respect to the remaining 1,354 shares upon the effective time of the merger on February 28, 2011.
- [F4]The common stock was disposed of pursuant to the merger agreement between Arbinet and Primus in exchange for 1,454 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 0001320314
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 9:57 PM ET
- Size
- 8.1 KB