ARBINET Corp 4
4 · ARBINET Corp · Filed Mar 3, 2011
Insider Transaction Report
Form 4
ARBINET CorpARBX
KREITMAN STANLEY
Director
Transactions
- 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) - Disposition to Issuer
Common Stock
2011-02-28−5,750→ 0 total
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 4,001 shares prior to the merger and the restrictions lapsed with respect to the remaining 1,749 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 3,344 shares of Primus common stock having a market value of $15.60 per share on the effective date of the merger.