GALLEBERG PAUL A 4

4 · INFONET SERVICES CORP · Filed Feb 28, 2005

Form 4

Period: 2005-02-25

Sr. VP, Gen. Counsel and Sec.

Transactions

Disposition to Issuer
Class B Common Stock
2005-02-25$2.06/sh−29,848$61,487→ 0 total
Disposition to Issuer
Stock Option (right to buy)
2005-02-25−700,000→ 0 total
Exercise: $2.26From: 2005-02-25Exp: 2012-08-20→ Class B Common Stock (700,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2005-02-25−350,000→ 0 total
Exercise: $5.88From: 2005-02-25Exp: 2010-11-21→ Class B Common Stock (350,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2005-02-25−400,000→ 0 total
Exercise: $1.53From: 2005-02-25Exp: 2013-08-19→ Class B Common Stock (400,000 underlying)

Footnotes (4)

[F1]Canceled pursuant to the merger agreement between the Issuer and British Telecommunications plc ("BT") in exchange for $2.06 per share merger consideration.
[F2]This option was canceled in the merger without consideration due to the exercise price exceeding the $2.06 per share merger consideration.
[F3]This option was canceled in the merger in exchange for a cash payment of $212,000.00 by BT, representing the difference between the exercise price of the option and the 2.06 per share merger consideration.
[F4]This option was canceled in the merger in exchange for a cash payment of $160,000.00 by BT, representing the difference between the exercise price of the option and the 2.06 per share merger consideration.

Documents

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