RURAL LEC ACQUISITION LLC·4

Dec 20, 7:08 PM ET

RURAL LEC ACQUISITION LLC 4

4 · RURAL LEC ACQUISITION LLC · Filed Dec 20, 2004

Insider Transaction Report

Form 4
Period: 2004-12-16
Transactions
  • Purchase

    Membership Units

    2004-12-16+615,190.87,263,634 total(indirect: See Footnote)
    Income Deposit Securities (1,922,916 underlying)
Footnotes (5)
  • [F1]Conversion ratio of 3.12572 Income Deposit Securities representing shares of Class A common stock and senior subordinated notes due 2019 ("IDSs") and 0.19498 shares of Class B common stock per membership unit.
  • [F2]The conversion of the membership units into IDSs and Class B common stock will take place on December 21, 2004, the expected closing date of the offering of IDSs.
  • [F3]The membership units were purchased for $27,474,624 and 119,951 shares of Class B common stock of Otelco Inc.
  • [F4]See Exhibit 99.1.
  • [F5]These represent the same 615,190.80 membership units acquired as shown in the line above.

Documents

2 files