KARP DOUGLAS M 4
4 · PRIMUS TELECOMMUNICATIONS GROUP INC · Filed Jul 6, 2009
Insider Transaction Report
Form 4
KARP DOUGLAS M
Director
Transactions
- Disposition to Issuer
Director Stock Option (right to buy)
2009-07-01−45,000→ 0 totalExercise: $0.99Exp: 2012-06-19→ Common Stock (45,000 underlying)
Footnotes (3)
- [F1]On March 16, 2009, Primus Telecommunications Group, Inc. and three of its subsidiaries each filed a Chaper 11 case. The Plan of Reorganization was approved by the Bankruptcy Court on June 12, 2009 and became effective on July 1, 2009, whereupon all previously outstanding equities were automatically cancelled.
- [F2]No consideration.
- [F3]The option vested in three equal annual installment beginning on 06/19/2007.