Wells Alan L 4
4 · WINDSTREAM CORP · Filed Jun 3, 2010
Insider Transaction Report
Form 4
Wells Alan L
Director
Transactions
- Other
Common Stock
2010-06-01$10.67/sh−148,218$1,581,486→ 218,715 total - Award
Common Stock
2010-06-01+355,237→ 356,937 total - Award
Common Stock
2010-06-01$10.67/sh+9,996$106,657→ 366,933 total
Holdings
- 1,000(indirect: By Relative)
Common Stock
Footnotes (3)
- [F1]Represents shares of Windstream common stock acquired upon conversion of shares of Iowa Telecommunications Services, Inc. (?Iowa?) common stock as a result of the merger between Windstream Iowa Communications, Inc. (f/k/a Buffalo Merger Sub, Inc.), a wholly-owned subsidiary of Windstream, and Iowa (the ?Merger?). The acquisition is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d). The closing price for Windstream common stock on June 1, 2010 was $10.67. The closing price for Iowa common stock on May 28, 2010, the last day Iowa common stock traded publicly, was $16.66.
- [F2]These shares were issued under an equity incentive plan in accordance with Rule 16b 3(d) and are subject to a substantial risk of forfeiture until vested. Shares vest on June 1, 2011.
- [F3]Represents disposition of shares to Windstream to satisfy tax withholding obligations associated with shares acquired in the Merger.