ILVISDA JAMES 4
4 · US LEC CORP · Filed Aug 6, 2003
Insider Transaction Report
Form 4
US LEC CORPCLEC
ILVISDA JAMES
Senior VP, Operations
Transactions
- Award
Employee Stock Option (right to buy)
2003-08-01$4.06/sh+52,500$213,150→ 52,500 totalExercise: $4.06Exp: 2013-08-01→ Class A Common Stock (52,500 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2003-01-29−15,000→ 0 totalExercise: $4.11Exp: 2011-04-19→ Class A Common Stock (15,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2003-01-29−7,500→ 45,000 totalExercise: $18.00Exp: 2010-05-25→ Class A Common Stock (7,500 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2003-01-29−10,000→ 30,000 totalExercise: $5.03Exp: 2011-12-31→ Class A Common Stock (10,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2003-01-29−12,000→ 18,000 totalExercise: $26.13Exp: 2009-12-23→ Class A Common Stock (12,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2003-01-29−5,000→ 40,000 totalExercise: $6.06Exp: 2010-10-19→ Class A Common Stock (5,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2003-01-29−3,000→ 15,000 totalExercise: $5.81Exp: 2011-01-10→ Class A Common Stock (3,000 underlying)
Holdings
- 98,500
Class A Common Stock
Footnotes (8)
- [F1]These options were exercisable at various dates in accordance with the option grants made under issuer's 1998 Omnibus Stock Plan.
- [F2]On January 29, 2003, issuer canceled an option to purchase 7,500 shares of our Class A common stock at $18.00 per share.
- [F3]On January 29, 2003, issuer canceled an option to purchase 5000 shares of our Class A common stock at $6.0625 per share.
- [F4]On January 29, 2003, issuer canceled an option to purchase 10000 shares of our Class A common stock at $5.03 per share.
- [F5]On January 29, 2003, issuer canceled an option to purchase 12000 shares of our Class A common stock at $26.125 per share.
- [F6]On January 29, 2003, issuer canceled an option to purchase 3000 shares of our Class A common stock at $5.8125 per share.
- [F7]On January 29, 2003, issuer canceled an option to purchase 15,000 shares of our Class A common stock at $4.11 per share.
- [F8]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.