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4//SEC Filing

MCCORMACK EDWARD 4

Accession 0001214059-04-000002

CIK 0001102752other

Filed

Jan 12, 7:00 PM ET

Accepted

Jan 13, 1:40 PM ET

Size

6.3 KB

Accession

0001214059-04-000002

Insider Transaction Report

Form 4
Period: 2004-01-12
MCCORMACK EDWARD
DirectorChief Operating Officer
Transactions
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2004-01-129,8000 total
    Exercise: $14.00Exp: 2013-03-19Common Shares (9,800 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2004-01-123,5000 total
    Exercise: $14.00Exp: 2013-03-17Common Shares (3,500 underlying)
Footnotes (3)
  • [F1]At time of grant, the option would vest in three equal annual installments beginning on March 17, 2004.
  • [F2]At time of grant, the option would vest in three equal annual installments beginning on March 19, 2004.
  • [F3]All options held for the account of the Reporting Person were cancelled by mutual agreement of the Reporting Person and the Issuer. The Reporting Person received $1,109,353 as consideration for the cancellation.

Issuer

FLAG TELECOM GROUP LTD

CIK 0001102752

Entity typeother

Related Parties

1
  • filerCIK 0001214059

Filing Metadata

Form type
4
Filed
Jan 12, 7:00 PM ET
Accepted
Jan 13, 1:40 PM ET
Size
6.3 KB