EARTHLINK INC 4

4 · EARTHLINK INC · Filed Aug 29, 2007

Form 4

Period: 2007-08-27

Chief Corporate Devel Officer

Transactions

Award
Stock options
2007-08-27$6.86/sh+100,000$686,000→ 100,000 total
Exercise: $6.86From: 2008-08-27Exp: 2017-08-27→ Common Stock (100,000 underlying)
Award
Restricted Stock Units
2007-08-27+25,000→ 125,000 total
From: 2009-08-27Exp: 2017-08-27→ Common Stock (25,000 underlying)

Footnotes (3)

[F1]These stock options vest and become exercisable as follows: (i) 25% of the options become exercisable one year after the date of the option grant, and (ii) an additional 6.25% of the options become exercisable each quarter thereafter until fully vested.
[F2]The Restricted Stock Units were acquired under the Company's Stock Incentive Plan. The Restricted Stock Units vest and become exercisable 50% on the second anniversary date of the date of grant - August 27, 2009, and 25% on the next two anniversary dates of the date of grant - August 27, 2010 and August 27, 2011. Vested Restricted Stock Units will be converted and distributed to the Reporting Person, without payment, in shares of Common Stock on a unit-for-share basis, and the Reporting Person may elect to defer the receipt of common shares pursuant to vested Restricted Stock Units under the Company's Second Deferred Compensation Plan for Directors and Certain Key Employees.
[F3]Includes options to purchase 100,000 shares of common stock and 25,000 Restricted Stock Units.

Documents

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