STORAGENETWORKS INC 4
4 · STORAGENETWORKS INC · Filed Aug 7, 2003
Insider Transaction Report
Form 4
FLANAGAN PAUL C
Director
Transactions
- Exercise of In-Money
Common Stock
2003-07-02$8.56/sh−116,750$999,964→ 6 total - Purchase
Put Option (right to sell)
2000-01-20+116,750→ 0 totalExercise: $8.56From: 2000-01-20Exp: 2005-01-19→ Common Stock (116,750 underlying) - Exercise of In-Money
Put Option (right to sell)
2003-07-02−116,750→ 0 totalExercise: $8.56From: 2000-01-20Exp: 2005-01-19→ Common Stock (116,750 underlying)
Footnotes (1)
- [F1]Mr. Flanagan is a party to agreements dated January 20, 2000 under which Peter W. Bell and another individual granted to Mr. Flanagan, in connection with loans to Mr. Flanagan from Peter W. Bell and the other individual, the right to repay the loans in cash or, at the option of Mr. Flanagan, by the transfer from Mr. Flanagan to Mr. Bell and the other individual shares of common stock of the issuer (the "Put Options"), which shares, for this purpose, had an agreed-upon value of $8.565 per share. Mr. Flanagan exercised these Put Options on July 2, 2003.