POLLOCK GEORGE JR 4
4 · Switch & Data Facilities Company, Inc. · Filed May 5, 2009
Insider Transaction Report
Form 4
POLLOCK GEORGE JR
CFO & Sr. Vice President
Transactions
- Other
Prepaid Variable Forward Contract (right to sell)
2009-05-01−1→ 0 totalExercise: $0.00From: 2009-05-01Exp: 2009-05-01→ Common Stock (100,000 underlying) - Other
Common Stock
2009-05-01−100,000→ 166,822 total
Holdings
- 600(indirect: By Children)
Common Stock
Footnotes (3)
- [F1]On May 2, 2008, the reporting person priced a prepaid variable forward sale contract with an unaffiliated third party buyer. Under the contract, the reporting person had to deliver to the buyer, on May 1, 2009 (the "Settlement Date"), up to 100,000 shares of Switch & Data Facilities Company, Inc. ("SDXC") common stock (or, at the reporting person's election, an equivalent amount of cash based on the market price of SDXC common stock). Under the contract, the floor price was $14.95 and the threshold price was $21.98, and the actual number of shares to be delivered under the contract depended upon the market price of the SDXC common stock on the Settlement Date and a formula calculated based on the floor price and the threshold price. On the Settlement Date, under the terms of the prepaid variable forward sale contract, the reporting person delivered all of the 100,000 shares that were subject to the contract.
- [F2]The derivative security is a prepaid variable forward sale contract as referenced in footnote (1), $0 has been inserted to satisfy the requirements to submit this form via the EDGAR system.
- [F3]$0 has been inserted to satisfy the requirements to submit this form via the EDGAR system.