4//SEC Filing
STORAGENETWORKS INC 4
Accession 0001181431-03-028113
CIK 0001075658operating
Filed
Oct 29, 7:00 PM ET
Accepted
Oct 30, 4:25 PM ET
Size
10.1 KB
Accession
0001181431-03-028113
Insider Transaction Report
Form 4
DAVOLI ROBERT E
Director
Transactions
- Disposition to Issuer
Common Stock
2003-10-28−2,794,973→ 0 total(indirect: See Footnote) - Disposition to Issuer
Common Stock
2003-10-28−164,230→ 0 total - Disposition to Issuer
Employee stock option (right to buy)
2003-10-28−10,000→ 0 totalExercise: $19.99→ Common Stock (10,000 underlying) - Disposition to Issuer
Employee stock option (right to buy)
2003-10-28−50,000→ 0 totalExercise: $2.79→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]Pursuant to the Plan of Complete Liquidation and Dissolution of StorageNetworks, Inc. (the "Plan of Liquidation"), these shares of Common Stock were cancelled in exchange for the right to receive a pro rata portion of liquidating distributions to be made under the Plan of Liquidation.
- [F2]These shares of Common Stock are held by the entities of Sigma Partners IV, L.P., Sigma Associates IV, L.P., Sigma Investors IV, L.P., Sigma Partners V, L.P., Sigma Associates V, L.P. and Sigma Investors V, L.P. Mr. Davoli disclaims beneficial ownership with respect to these securities except to the extent of his pecuniary interest therein, if any, and the reporting of these securities on this form shall not be deemed an admission that Mr. Davoli is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these securities.
- [F3]Pursuant to the terms of the 2000 Non-Employee Director Stock Option Plan, as amended, this stock option became exercisable in full as of 10/14/03 and terminated as of 10/28/03 in exchange for the right to receive a pro rata portion of liquidating distributions to be made under the Plan of Liquidation, less the exercise price of such option.
Documents
Issuer
STORAGENETWORKS INC
CIK 0001075658
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001075658
Filing Metadata
- Form type
- 4
- Filed
- Oct 29, 7:00 PM ET
- Accepted
- Oct 30, 4:25 PM ET
- Size
- 10.1 KB