GLOBAL CROSSING LTD|4Mar 22, 5:03 PM ET

HIGASE EDWARD T 4

4 · GLOBAL CROSSING LTD · Filed Mar 22, 2007

Form 4

Period: 2007-03-20

Chief Customer Exp. Officer

Transactions

Exercise/Conversion
Common Stock
2007-03-20$15.39/sh+3,666$56,420→ 55,638 total
Exercise/Conversion
Employee Stock Option (right to buy)
2007-03-20−3,666→ 7,334 total
Exercise: $15.39From: 2005-12-15Exp: 2014-12-15→ Common Stock (3,666 underlying)
Sale
Common Stock
2007-03-20$30.07/sh−16,665$501,117→ 51,972 total
Exercise/Conversion
Employee Stock Option (right to buy)
2007-03-20−16,665→ 33,335 total
Exercise: $10.16From: 2004-12-09Exp: 2013-12-09→ Common Stock (16,665 underlying)
Sale
Common Stock
2007-03-20$29.40/sh−600$17,640→ 51,972 total
Sale
Common Stock
2007-03-20$29.08/sh−3,666$106,607→ 51,972 total
Exercise/Conversion
Common Stock
2007-03-20$10.16/sh+16,665$169,316→ 68,637 total

Footnotes (9)

[F1]This sale was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 9, 2006.
[F2]This option exercise was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 9, 2006.
[F3]This sale was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 9, 2006.
[F4]This option exercise was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 9, 2006.
[F5]This sale was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 9, 2006.
[F6]This option exercise was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 9, 2006.
[F7]This option exercise was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 9, 2006.
[F8]The options are fully vested.
[F9]The first two vesting installments of these options occurred on December 15, 2005 and 2006. On December 15, 2007, the remaining 3,667 options will vest.

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