BELL PETER W 4
4 · STORAGENETWORKS INC · Filed Oct 30, 2003
Insider Transaction Report
Form 4
BELL PETER W
Director
Transactions
- Disposition to Issuer
Employee stock option (right to buy)
2003-10-28−171,875→ 0 totalExercise: $20.13→ Common Stock (171,975 underlying) - Disposition to Issuer
Employee stock (right to buy)
2003-10-28−500,000→ 0 totalExercise: $2.79→ Common Stock (500,000 underlying) - Disposition to Issuer
Common Stock
2003-10-28−3,236,400→ 0 total(indirect: See Footnote) - Disposition to Issuer
Common Stock
2003-10-28−58,375→ 0 total
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 PWB Limited Partnership. Mr. Bell 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. Bell 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 Stock 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.