TIMMINS MICHAEL J 4
4 · INFONET SERVICES CORP · Filed Feb 28, 2005
Insider Transaction Report
Form 4
TIMMINS MICHAEL J
Exec. VP of Global Bus. Dev.
Transactions
- Disposition to Issuer
Class B Common Stock
2005-02-25$2.06/sh−287,000$591,220→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2005-02-25−100,000→ 0 totalExercise: $1.53From: 2005-02-25Exp: 2013-08-19→ Class B Common Stock (100,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2005-02-25−418,600→ 0 totalExercise: $5.88From: 2005-02-25Exp: 2010-11-21→ Class B Common Stock (418,600 underlying) - Disposition to Issuer
Stock Option (right to buy)
2005-02-25−837,200→ 0 totalExercise: $2.26From: 2005-02-25Exp: 2012-08-20→ Class B Common Stock (837,200 underlying)
Footnotes (3)
- [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 $53,000.00 by BT, representing the difference between the exercise price of the option and the 2.06 per share merger consideration.