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FITZPATRICK ALAN 4

Accession 0001182848-03-000002

CIK 0001054290other
View on SEC.govCompany Profile

Filed

Aug 5, 8:00 PM ET

Accepted

Aug 6, 4:39 PM ET

Size

14.2 KB

Accession

0001182848-03-000002

Insider Transaction Report

Form 4
Period: 2003-08-01
US LEC CORPCLEC
FITZPATRICK ALAN
Senior VP, Engineering
Transactions
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2003-01-29−35,000→ 23,000 total
    Exercise: $6.06Exp: 2010-10-19→ Class A Common Stock (35,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2003-01-29−5,000→ 18,000 total
    Exercise: $5.03Exp: 2011-12-31→ Class A Common Stock (5,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2003-01-29−3,000→ 15,000 total
    Exercise: $5.81Exp: 2011-01-10→ Class A Common Stock (3,000 underlying)
  • Award

    Employee Stock Option (right to buy)

    2003-08-01$4.06/sh+53,000$215,180→ 58,000 total
    Exercise: $4.06Exp: 2013-08-01→ Class A Common Stock (53,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2003-01-29−10,000→ 5,000 total
    Exercise: $4.11Exp: 2011-04-19→ Class A Common Stock (10,000 underlying)
Holdings

  • Class A Common Stock

    14,675
Footnotes (7)
  • [F1]Total amount of securities beneficially owned as of August 5, 2003 reflects an increase due to reporting person's participation in the US LEC Corp. Employee Stock Purchase Plan.
  • [F2]These options were exercisable at various dates in accordance with the option grants made under issuer's 1998 Omnibus Stock Plan.
  • [F3]On January 29, 2003, issuer canceled an option to purchase 35,000 shares of our Class A common stock at $6.0625 per share.
  • [F4]On January 29, 2003, issuer canceled an option to purchase 5,000 shares of our Class A common stock at $5.0300 per share.
  • [F5]On January 29, 2003, issuer canceled an option to purchase 3,000 shares of our Class A common stock at $5.8125 per share.
  • [F6]On January 29, 2003, issuer canceled an option to purchase 10,000 shares of our Class A common stock at $4.11 per share.
  • [F7]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.

Documents

2 files

Issuer

US LEC CORP

CIK 0001054290

→
Entity typeother

Related Parties

1
  • filerCIK 0001182848

Filing Metadata

Form type
4
Filed
Aug 5, 8:00 PM ET
Accepted
Aug 6, 4:39 PM ET
Size
14.2 KB
View on SEC.gov