WILTEL COMMUNICATIONS GROUP INC 4
4 · WILTEL COMMUNICATIONS GROUP INC · Filed Aug 25, 2003
Insider Transaction Report
Form 4
KINNEAR KENNETH K
Vice President & Controller
Transactions
- Award
Common Stock
2003-08-22$15.80/sh+5$79→ 109 total
Footnotes (2)
- [F1]Pursuant to WilTel Communication Group, Inc.'s Plan of Reorganization, approximately 1.4 million shares of WTEL common stock, which were issued and held in reserve pending the resolution of WilTel Communication Group, Inc.'s Chapter 11 claims, have been distributed to allowed claimants, including note holders. The distribution was on a pro rata basis.
- [F2]Total stock held includes pro-rata distribution of WilTel Communications Group Inc. common stock to holders of Williams Communications Group, Inc. senior redeemable notes pursuant to the Second Amended Joint Plan of Reorganization of Williams Communications Group, Inc. (the "Plan of Reorganization"). The Plan of Reorganization was confirmed by the United States Bankruptcy Court, Southern District of New York on September 30, 2002, (Chapter 11 Case No. 02-11957) and was effective as of October 15, 2002.