FLAG TELECOM GROUP LTD 4
4 · FLAG TELECOM GROUP LTD · Filed Jan 13, 2004
Insider Transaction Report
Form 4
FLAG TELECOM GROUP LTD(FTGLF.PK)
GERSH ALEXANDER
Chief Financial Officer
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2004-01-12−8,000→ 0 totalExercise: $14.00From: 2004-07-01Exp: 2013-03-17→ Common Shares (8,000 underlying)
Footnotes (3)
- [F1]The Reporting Person's appointment as Chief Financial Officer of the Issuer became effective on July 4, 2003.
- [F2]The original vesting schedule of the option provided that the option would vest in three equal annual installments beginning on July 1, 2004.
- [F3]The option was cancelled by mutual agreement of the Reporting Person and the Issuer. The Reporting Person received $525,280 as consideration for the cancellation.