4//SEC Filing
COWELL AARON D JR 4
Accession 0001182803-03-000009
CIK 0001054290other
Filed
Aug 4, 8:00 PM ET
Accepted
Aug 5, 9:09 PM ET
Size
11.3 KB
Accession
0001182803-03-000009
Insider Transaction Report
Form 4
US LEC CORPCLEC
COWELL AARON D JR
DirectorPresident & CEO
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2003-01-29−360,000→ 100,000 totalExercise: $7.31Exp: 2008-09-18→ Class A Common Stock (360,000 underlying) - Award
Employee Stock Option (right to buy)
2003-08-01$4.06/sh+385,000$1,563,100→ 460,000 totalExercise: $4.06Exp: 2013-08-01→ Class A Common Stock (385,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2003-01-29−25,000→ 75,000 totalExercise: $26.13Exp: 2009-12-23→ Class A Common Stock (25,000 underlying)
Holdings
- 21,513.7
Class A Common Stock
Footnotes (5)
- [F1]Total amount of securities beneficially owned as of August 4, 2003 reflects an increase due to reporting person's participation in the US LEC Corp. Employee Stock Purchase Plan.
- [F2]On January 29, 2003, issuer canceled an option to purchase 360,000 shares of our Class A common stock at $7.3125 per share.
- [F3]On January 29, 2003, issuer canceled an option to purchase 25,000 shares of our Class A common stock at $26.125 per share.
- [F4]These options were exercisable at various dates in accordance with the option grants made under issuer's 1998 Omnibus Stock Plan.
- [F5]This option was granted in exchange for the options that were canceled as described in the preceding footnotes. This option becomes exercisable in accordance with the terms set forth in the issuer's Offer to Exchange, dated December 20, 2002.
Issuer
US LEC CORP
CIK 0001054290
Entity typeother
Related Parties
1- filerCIK 0001182803
Filing Metadata
- Form type
- 4
- Filed
- Aug 4, 8:00 PM ET
- Accepted
- Aug 5, 9:09 PM ET
- Size
- 11.3 KB