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FLAUM DAVID M 4

Accession 0001181431-03-017429

CIK 0001054290other
View on SEC.govCompany Profile

Filed

Aug 4, 8:00 PM ET

Accepted

Aug 5, 9:41 PM ET

Size

10.6 KB

Accession

0001181431-03-017429

Insider Transaction Report

Form 4
Period: 2003-08-01
US LEC CORP(CLEC)
FLAUM DAVID M
Director
Transactions
  • Disposition to Issuer

    Stock Option (right to buy)

    2003-01-29−5,000→ 40,000 total
    Exercise: $7.31Exp: 2008-09-18→ Class A Common Stock (5,000 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2003-01-29−10,000→ 25,000 total
    Exercise: $7.69Exp: 2011-03-15→ Class A Common Stock (10,000 underlying)
  • Award

    Stock Option (right to buy)

    2003-08-01$4.03/sh+45,000$181,350→ 45,000 total
    Exercise: $4.03Exp: 2013-08-01→ Class A Common Stock (45,000 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2003-01-29−25,000→ 0 total
    Exercise: $4.83Exp: 2012-02-07→ Class A Common Stock (25,000 underlying)
Footnotes (6)
  • [F1]These options were exercisable at various dates in accordance with the option grants made under the issuer's 1998 Omnibus Stock Plan.
  • [F2]On January 29, 2003, issuer canceled an option to purchase 5,000 shares of our Class A common stock at an exercise price of $7.3125 per share.
  • [F3]On January 29, 2003, issuer canceled an option to purchase 5,000 shares of our Class A common stock at an exercise price of $15.375 per share.
  • [F4]On January 29, 2003, issuer canceled an option to purchase 10,000 shares of our Class A common stock at an exercise price of $7.6875 per share.
  • [F5]On January 29, 2003, issuer canceled an option to purchase 25,000 shares of our Class A common stock at an exercise price of $4.83 per share.
  • [F6]This option was granted in exchange for the options that were canceled as described in the preceding footnotes. This option becomes exercisable in accordance with the terms set forth in the issuer's Exchange Offer, dated December 20, 2002.

Documents

1 file

Issuer

US LEC CORP

CIK 0001054290

→
Entity typeother

Related Parties

1
  • filerCIK 0001060477

Filing Metadata

Form type
4
Filed
Aug 4, 8:00 PM ET
Accepted
Aug 5, 9:41 PM ET
Size
10.6 KB
View on SEC.gov