4//SEC Filing
QWEST COMMUNICATIONS INTERNATIONAL INC 4
Accession 0001235110-07-000091
CIK 0001037949operating
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 5:02 PM ET
Size
13.8 KB
Accession
0001235110-07-000091
Insider Transaction Report
Form 4
RICHARDSON JOHN W
Senior VP and Controller
Transactions
- Award
Common Stock
2007-03-05+39,000→ 91,940 total - Award
Employee stock option (right to buy)
2007-03-05+257,000→ 257,000 totalExercise: $8.52→ Common Stock (257,000 underlying) - Award
Common Stock
2007-03-05+115,000→ 206,940 total - Award
Employee stock option (right to buy)
2007-03-05+88,000→ 88,000 totalExercise: $8.52Exp: 2017-03-05→ Common Stock (88,000 underlying)
Holdings
- 2,683(indirect: By 401(k))
Common Stock
Footnotes (5)
- [F1]This award will fully vest on March 5, 2010 if the reporting person is employed by Qwest on that date and if at any time after March 5, 2007 the average closing price of Qwest common stock equals or exceeds the then applicable Share Price Target for any period of 90 consecutive trading days beginning on or after March 5, 2007. The "Share Price Target" is originally $10.50 and will be adjusted downward for any dividends paid on Qwest common stock and adjusted appropriately for any capital structure changes.
- [F2]In addition, this award will fully vest prior to March 5, 2010 upon death, disability, termination for constructive discharge or termination without cause if either the 90-day performance condition with respect to Share Price Target has theretofore been satisfied or the average closing price of Qwest common stock equals or exceeds the then applicable Share Price Target for a period of 22 or more consecutive trading days during the 30 consecutive trading days immediately prior to the date of death, disability, termination for constructive discharge or termination without cause. This award will fully vest prior to March 5, 2010 upon the closing of a merger, consolidation, asset sale, or similar transaction in which Qwest is not the surviving entity or in which Qwest is the surviving entity and the reporting person is not offered a comparable position and compensation package.
- [F3]To the extent not previously vested, this award will be immediately forfeited upon the earlier of (A) a termination of the reporting person's employment for any reason whatsoever (unless such termination results in full vesting of the awards as described in the preceding footnote) or (B) March 5, 2010.
- [F4]Based on plan holdings as of March 5, 2007.
- [F5]This stock option vests in three equal annual installments beginning on March 5, 2008. This option grant was approved by the Board of Directors in accordance with Rule 16b-3(d).
Documents
Issuer
QWEST COMMUNICATIONS INTERNATIONAL INC
CIK 0001037949
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001037949
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 5:02 PM ET
- Size
- 13.8 KB