LISS MICHAEL S 4
4 · FIBERNET TELECOM GROUP INC\ · Filed Sep 23, 2003
Insider Transaction Report
Form 4
LISS MICHAEL S
DirectorPresident and CEO
Transactions
- Other
Common Stock
2003-09-02+1,998→ 2,247,287 total - Other
Common Stock
2003-09-02+38,130→ 49,488 total(indirect: See Footnote) - Disposition to Issuer
Warrants
2003-09-02$15.00/sh−2,000$30,000→ 0 totalExercise: $15.00From: 1988-08-08Exp: 2004-03-23→ Common Stock (2,000 underlying) - Disposition to Issuer
Series A Warrants
2003-09-02$20.10/sh−7,333$147,393→ 0 total(indirect: See Footnote)Exercise: $20.10From: 1988-08-08Exp: 2004-05-07→ Common Stock (7,333 underlying) - Disposition to Issuer
Series B Warrants
2003-09-02$45.00/sh−30,833$1,387,485→ 0 total(indirect: See Footnote)Exercise: $45.00From: 1988-08-08Exp: 2004-05-07→ Common Stock (30,833 underlying)
Footnotes (3)
- [F1]Pursuant to a plan of warrant exchange previously approved by the Company's stockholders, the shares of common stock were issued in exchange for the warrants identified herein on Table II.
- [F2]The Reporting Person is the sole member of Concordia Telecom Management, L.L.C. and also the sole member of MSL Investments, LLC. After the acquisition of the shares of common stock, of the 2,296,775 shares of common stock, 2,083,998 are held by Mr. Liss directly. Of the remaining shares of common stock, 163,289 are held by MSL Investments LLC and 49,488 are held by Concordia Telecom Management, L.L.C. and the Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F3]Immediately exercisable.