4//SEC Filing
ITXC CORP 4
Accession 0001181431-04-029094
CIK 0001061895operating
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 5:49 PM ET
Size
6.5 KB
Accession
0001181431-04-029094
Insider Transaction Report
Form 4
ITXC CORPITXC
LANDAU JOHN
Executive V.P., Product Mgmt.
Transactions
- Disposition to Issuer
Stock Option (Right to Purchase)
2004-05-31−300,000→ 0 totalExercise: $5.80Exp: 2012-06-17→ Common Stock (300,000 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger among Teleglobe International Holdings Ltd, Vex Merger Subsidiary Corp. and ITXC Corp., dated as of November 4, 2003, as amended, upon the consummation of the merger described in that agreement (which occurred on May 31, 2004), the Reporting Person became entitled to receive an option for 0.25 common shares of Teleglobe International Holdings Ltd for each option of ITXC Corp. held by the Reporting Person, in a transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-3 promulgated by the Securities and Exchange Commission.
- [F2]This option, one-quarter of which was to be currently exercisable and which provided for the remaining three-quarters to vest in three equal annual installments beginning June 17, 2004, was assumed by Teleglobe International Holdings Ltd in the merger and replaced with an option to purchase 75,000 shares of Teleglobe International Holdings Ltd common shares.
Documents
Issuer
ITXC CORP
CIK 0001061895
Entity typeoperating
IncorporatedNJ
Related Parties
1- filerCIK 0001061895
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 5:49 PM ET
- Size
- 6.5 KB