GLOBAL CROSSING LTD|4Mar 22, 5:05 PM ET

BREAUNINGER GARY J 4

4 · GLOBAL CROSSING LTD · Filed Mar 22, 2007

Form 4

Period: 2007-03-20

EVP & CFO-North America

Transactions

Exercise/Conversion
Employee Stock Option (right to buy)
2007-03-20−9,999→ 0 total
Exercise: $10.16From: 2004-12-09Exp: 2013-12-09→ Common Stock (9,999 underlying)
Sale
Common Stock
2007-03-20$28.21/sh−400$11,284→ 38,782 total
Exercise/Conversion
Common Stock
2007-03-20$15.39/sh+2,200$33,858→ 40,982 total
Sale
Common Stock
2007-03-20$28.95/sh−9,999$289,471→ 38,782 total
Exercise/Conversion
Employee Stock Option (right to buy)
2007-03-20−2,200→ 2,200 total
Exercise: $15.39From: 2005-12-15Exp: 2014-12-15→ Common Stock (2,200 underlying)
Exercise/Conversion
Common Stock
2007-03-20$10.16/sh+9,999$101,590→ 48,781 total
Sale
Common Stock
2007-03-20$28.95/sh−2,200$63,690→ 38,782 total

Footnotes (8)

[F1]This sale was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2006.
[F2]This option exercise was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2006.
[F3]This sale was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2006.
[F4]This option exercise was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2006.
[F5]This sale was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2006.
[F6]This option exercise was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2006.
[F7]This option exercise was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2006.
[F8]The first two vesting installments of these options occurred on December 15, 2005 and 2006. On December 15, 2007, the remaining 2,200 options will vest.

Documents

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