GLOBAL CROSSING LTD 4
4 · GLOBAL CROSSING LTD · Filed Oct 6, 2011
Insider Transaction Report
Form 4
MCSHANE JOHN B
EVP and General Counsel
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2011-10-04−15,000→ 0 totalExercise: $15.39Exp: 2014-12-15→ Common Stock (15,000 underlying) - Award
Common Stock
2011-10-04+180,700→ 322,236 total - Disposition to Issuer
Common Stock
2011-10-04−322,236→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2011-10-04−30,000→ 0 totalExercise: $10.16Exp: 2013-12-09→ Common Stock (30,000 underlying)
Footnotes (4)
- [F1]Performance-based restricted stock units ('PBRSUs') were granted to the reporting person on April 15, 2009, February 1, 2010 and January 21, 2011 and vested at the maximum payout percentage of 200% of the grant based upon the achievement by the Issuer of certain performance measures.
- [F2]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.
- [F3]Includes 100,767 time-based restricted stock units ('RSUs') that vested at the effective time of the amalgamation.
- [F4]This vested stock option was canceled at the effective time of the amalgamation and replaced with an option to purchase shares of Level 3 common stock pursuant to the Amalgamation Agreement.