DEPODESTA JOHN 4
4 · PRIMUS TELECOMMUNICATIONS GROUP INC · Filed Mar 5, 2010
Insider Transaction Report
Form 4
DEPODESTA JOHN
DirectorExecutive Vice President
Transactions
- Exercise/Conversion
Common Stock
2010-03-04+39,746→ 39,746 total - Tax Payment
Common Stock
2010-03-04$6.05/sh−12,798$77,428→ 26,948 total - Exercise/Conversion
Restricted Stock Unit
2010-03-04−39,746→ 39,746 total→ Common Stock (39,746 underlying)
Footnotes (2)
- [F1]Pursuant to the terms of the Issuer's Management Compensation Plan for the year 2009, shares of common stock underlying performance-based restricted stock units granted on July 1, 2010, were issued on March 4, 2010, in connection with the achievement of the Adjusted EBITDA Target as set forth in the Management Compensation Plan for the year 2009.
- [F2]Represents shares withheld by the company from issuance upon vesting of performance based restricted stock units in order to satisfy tax obligations of the reporting person resulting from vesting of such restricted stock units.