4//SEC Filing
LEVEL 3 COMMUNICATIONS INC 4
Accession 0001225208-14-022743
CIK 0000794323operating
Filed
Nov 3, 7:00 PM ET
Accepted
Nov 4, 5:57 PM ET
Size
5.9 KB
Accession
0001225208-14-022743
Insider Transaction Report
Form 4
HAYS SPENCER B
Director
Transactions
- Award
Common Stock
2014-10-31+74,946→ 74,946 total
Footnotes (2)
- [F1]These securities were issued pursuant to an Agreement and Plan of Merger (the "merger agreement") among the Issuer, Saturn Merger Sub 1, LLC, Saturn Merger Sub 2, LLC and tw telecom inc. dated as June 15, 2014, in a transaction exempt from Section 16(b) pursuant to Rule 16b-3. In accordance with the terms of the merger agreement, Saturn Merger Sub 1, LLC was merged with and into tw telecom inc. (the "merger"), and thereafter, tw telecom inc. merged with and into Saturn Merger Sub 2, LLC, which then changed its name to tw telecom, llc, and tw telecom, llc became a wholly owned subsidiary of the Issuer. Each holder of tw telecom inc. common stock prior to the merger is receiving $10 in cash and 0.7 shares of the Issuer's common stock in exchange for each share of tw telcom inc. common stock held at the effective time of the merger.
- [F2]17,048 shares of Issuer common stock included in this total relate to time-based restricted stock awards ("RSAs") granted to the reporting person by tw telecom inc. in respect of 24,354 tw telecom inc. shares of common stock, which RSAs vested in connection with the closing of the merger, in a transaction exempt from Section 16(b) pursuant to Rule 16b-3. 14,076 shares of Issuer common stock included in this total relate to vested non-qualified stock options ("NQSOs") granted to the reporting person by tw telecom inc. in respect of 27,000 shares of tw telecom inc. shares of common stock, which NQSOs vested in connection with the closing of the merger, in a transaction exempt from Section 16(b) pursuant to Rule 16b-3.
Documents
Issuer
LEVEL 3 COMMUNICATIONS INC
CIK 0000794323
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000794323
Filing Metadata
- Form type
- 4
- Filed
- Nov 3, 7:00 PM ET
- Accepted
- Nov 4, 5:57 PM ET
- Size
- 5.9 KB