4//SEC Filing
SEAH LIM HUAT PETER 4
Accession 0001181431-11-052104
CIK 0001061322other
Filed
Oct 5, 8:00 PM ET
Accepted
Oct 6, 5:04 PM ET
Size
7.8 KB
Accession
0001181431-11-052104
Insider Transaction Report
Form 4
SEAH LIM HUAT PETER
DirectorVice Chairman
Transactions
- Exercise of In-Money
Stock Option (right to buy)
2011-10-04−40,000→ 0 totalExercise: $10.16From: 2005-01-12Exp: 2014-01-12→ Common Stock (40,000 underlying) - Disposition to Issuer
Common Stock
2011-10-04−35,537→ 0 total
Footnotes (4)
- [F1]These securities were disposed of pursuant to an agreement and plan of amalgamation dated as of April 10, 2011 (the 'Amalgamation Agreement') by and among Level 3 Communications, Inc. ('Level 3') Apollo Amalgamation Sub, Ltd. ('Apollo') and the Issuer. In accordance with the terms of the Amalgamation Agreement, Apollo was amalgamated with and into the Issuer (the 'amalgamation'), the Issuer became a wholly-owned subsidiary of Level 3 and each holder of Issuer common stock prior to the amalgamation is receiving sixteen (16) shares of Level 3 common stock for each share of Issuer common stock held at the effective time of the amalgamation.
- [F2]Includes 2,468 time-based restricted stock units ('RSUs') from a previously reported grant which vested at the effective time of the amalgamation.
- [F3]This stock option was granted by STT Communications Ltd ("STTC") on January 12, 2004 pursuant to a share option plan to purchase shares of Issuer common stock. Options vested 40% on 1/12/2005 and 30% on each of 1/12/2006 and 1/12/2007.
- [F4]This stock option was canceled for a cash consideration paid by STTC of $22.14 per share on the closing date of the amalgamation.
Documents
Issuer
GLOBAL CROSSING LTD
CIK 0001061322
Entity typeother
Related Parties
1- filerCIK 0001266477
Filing Metadata
- Form type
- 4
- Filed
- Oct 5, 8:00 PM ET
- Accepted
- Oct 6, 5:04 PM ET
- Size
- 7.8 KB