Edidin Eric J 4
4 · ARBINET Corp · Filed Dec 17, 2010
Insider Transaction Report
Form 4
ARBINET CorpARBX
Edidin Eric J
10% Owner
Transactions
- Purchase
Common Stock, $0.001 par value per share
2010-12-09$7.23/sh+2,932$21,198→ 535,958 total(indirect: See footnote) - Sale
Common Stock, $0.001 par value per share
2010-12-10$7.44/sh−100$744→ 541,043 total(indirect: See footnote) - Purchase
Common Stock, $0.001 par value per share
2010-12-15$7.78/sh+950$7,391→ 542,784 total(indirect: See footnote) - Purchase
Common Stock, $0.001 par value per share
2010-12-15$7.73/sh+15,201$117,504→ 557,985 total(indirect: See footnote) - Purchase
Common Stock, $0.001 par value per share
2010-12-15$7.74/sh+26,650$206,271→ 584,635 total(indirect: See footnote) - Purchase
Common Stock, $0.001 par value per share
2010-12-10$7.51/sh+5,185$38,939→ 541,143 total(indirect: See footnote) - Purchase
Common Stock, $0.001 par value per share
2010-12-16$7.96/sh+651$5,182→ 585,286 total(indirect: See footnote) - Purchase
Common Stock, $0.001 par value per share
2010-12-16$8.01/sh+31,600$253,116→ 616,886 total(indirect: See footnote) - Purchase
Common Stock, $0.001 par value per share
2010-12-09$7.25/sh+2,722$19,735→ 533,026 total(indirect: See footnote) - Purchase
Common Stock, $0.001 par value per share
2010-12-13$7.61/sh+791$6,020→ 541,834 total(indirect: See footnote)
Holdings
- 22,069
Common Stock, $0.001 par value per share
Footnotes (3)
- [F1]Mr. Eric J. Edidin directly owns 22,069 shares of common stock, $0.001 par value per share (the "Common Stock"), of Arbinet Corporation and controls the voting and disposition of such Common Stock.
- [F2]The filing of this Form 4 shall not be construed as an admission that Messrs. Eric J. Edidin and Joshua A. Lobel, as the managers and members of Canton Holdings, L.L.C. ("Canton"), the general partner of Archer Capital Management, L.P. ("ACM"), are or were for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the shares of Common Stock owned by any fund managed by ACM (the "Funds"). Pursuant to Rule 16a-1, Messrs. Edidin and Lobel disclaim beneficial ownership except to the extent of their pecuniary interests in the right to receive profit allocations through the general partner entities of the Funds. This transaction is made by the Funds.
- [F3]ACM controls the voting and disposition of these shares of Common Stock held by the Funds. Canton reports such Common Stock held indirectly by ACM because, as the general partner of ACM, it controls the disposition and voting such Common Stock. Messrs. Edidin and Lobel report such Common Stock held indirectly by Canton because, as the managers and members of Canton, they ultimately control the disposition and voting of such Common Stock. ACM and Canton do not have any pecuniary interest in the Common Stock because they only receive asset-based fees from the Funds.