MCCORMACK EDWARD 4
4 · FLAG TELECOM GROUP LTD · Filed Jan 13, 2004
Insider Transaction Report
Form 4
FLAG TELECOM GROUP LTD(FTGLF.PK)
MCCORMACK EDWARD
DirectorChief Operating Officer
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2004-01-12−9,800→ 0 totalExercise: $14.00Exp: 2013-03-19→ Common Shares (9,800 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2004-01-12−3,500→ 0 totalExercise: $14.00Exp: 2013-03-17→ Common 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.