4//SEC Filing
PIZZANI PAUL G 4
Accession 0001209191-03-032849
CIK 0001006837other
Filed
Nov 30, 7:00 PM ET
Accepted
Dec 1, 5:27 PM ET
Size
8.0 KB
Accession
0001209191-03-032849
Insider Transaction Report
Form 4
PIZZANI PAUL G
Director
Transactions
- Sale
Common Stock
2003-11-21$8.50/sh−2,500,000$21,250,000→ 8,270,004 total(indirect: See Footnotes) - Conversion
Series C Convertible Preferred Stock
2003-11-04−266,643→ 0 total(indirect: See Footnotes)→ Common Stock (10,770,004 underlying) - Conversion
Common Stock
2003-11-04+10,770,004→ 10,770,004 total(indirect: See Footnotes)
Footnotes (4)
- [F1]On November 4, 2003, the shares of Series C Convertible Preferred Stock (the "Preferred Stock") reflected in Table II, item 5 were converted into shares of the Issuer's common stock (the "Common Stock") based on a conversion ratio of 40.3911 shares of Common Stock per share of Preferred Stock. Such conversion was at no cost and was effected pursuant to the optional conversion provisions of the Certificate of Designation in respect of the Preferred Stock on file with the Secretary of State of the State of Delaware.
- [F2]By AIG Global Sports and Entertainment Fund, L.P. ("AIGGSEF").
- [F3]Pizzani Hamlin Capital, LLC ("PH Capital") is a party to an investment advisory agreement whereby PH Capital is entitled to a performance-related fee based upon the net capital gains of AIGGSEF's portfolio of investments. Mr. Pizzani is a member of PH Capital and is entitled to certain distributions from PH Capital if and when such distributions are made. Accordingly, Mr. Pizzani may be deemed to possess an indirect pecuniary interest in the shares of the Common Stock reported herein. Mr. Pizzani disclaims beneficial ownership of the shares of the Common Stock reported herein except to the extent of his indirect pecuniary interest, if any, therein.
- [F4]There was no expiration date by which the Preferred Stock had to be converted into Common Stock.
Documents
Issuer
PRIMUS TELECOMMUNICATIONS GROUP INC
CIK 0001006837
Entity typeother
Related Parties
1- filerCIK 0001021358
Filing Metadata
- Form type
- 4
- Filed
- Nov 30, 7:00 PM ET
- Accepted
- Dec 1, 5:27 PM ET
- Size
- 8.0 KB