4//SEC Filing
SEAH LIM HUAT PETER 4
Accession 0001181431-11-052139
CIK 0000794323other
Filed
Oct 5, 8:00 PM ET
Accepted
Oct 6, 5:24 PM ET
Size
7.3 KB
Accession
0001181431-11-052139
Insider Transaction Report
Form 4
SEAH LIM HUAT PETER
Director
Transactions
- Award
Common Stock
2011-10-04+568,592→ 568,592 total - Tax Payment
Common Stock
2011-10-06−4,344→ 564,248 total
Footnotes (3)
- [F1]These securities were issued pursuant to an agreement and plan of amalgamation dated as of April 10, 2011 (the 'Amalgamation Agreement') by and among Global Crossing Limited ('GLBC') Apollo Amalgamation Sub, Ltd. ('Apollo') and the Issuer, in a transaction exempt from Section 16(b) pursuant to Rule 16b-3. In accordance with the terms of the Amalgamation Agreement, Apollo was amalgamated with and into GLBC (the 'amalgamation'), GLBC became a wholly-owned subsidiary of the Issuer and each holder of GLBC common stock prior to the amalgamation is receiving sixteen (16) shares of Issuer common stock for each share of GLBC common stock held at the effective time of the amalgamation.
- [F2]39,488 shares of Issuer common stock included in this total relate to time-based restricted stock units ('RSUs') granted to the reporting person by GLBC on June 14, 2011 in respect of 2,468 GLBC common shares, which RSUs vested in connection with the closing of the amalgamation, in a transaction exempt from Section 16(b) pursuant to Rule 16b-3.
- [F3]Represents the number of shares to be withheld for payment of taxes in connection with the vesting of the above-referenced RSUs at a fair market value equal to the Issuer's common stock closing price on October 6, 2011.
Documents
Issuer
LEVEL 3 COMMUNICATIONS INC
CIK 0000794323
Entity typeother
Related Parties
1- filerCIK 0001266477
Filing Metadata
- Form type
- 4
- Filed
- Oct 5, 8:00 PM ET
- Accepted
- Oct 6, 5:24 PM ET
- Size
- 7.3 KB