LAY RANDALL R 4

4 · UNIVERSAL ACCESS GLOBAL HOLDINGS INC · Filed Jan 2, 2004

Form 4

Period: 2003-12-30

DirectorChief Executive Officer

Transactions

Award
Stock Option (right to buy)
2003-12-30+25,000→ 25,000 total
Exercise: $3.05Exp: 2013-12-30→ Common Stock (25,000 underlying)
Award
Stock Option (right to buy)
2003-07-22+95,000→ 95,000 total
Exercise: $9.20Exp: 2013-07-22→ Common Stock (95,000 underlying)
Award
Stock Option (right to buy)
2002-06-06+25,000→ 25,000 total
Exercise: $7.20Exp: 2012-06-06→ Common Stock (25,000 underlying)
Award
Stock Option (right to buy)
2003-03-19+25,000→ 25,000 total
Exercise: $2.60Exp: 2013-03-19→ Common Stock (25,000 underlying)
Award
Stock Option (right to buy)
2003-07-23+5,000→ 5,000 total
Exercise: $9.40From: 2003-07-23Exp: 2013-07-23→ Common Stock (5,000 underlying)

Footnotes (5)

[F1]The option vests as to 25% of the shares immediately on the date of grant and as to the remainder of the shares, 1/36th shall vest on the 16th day of each month after the first anniversary date of the grant.
[F2]On August 8, 2003, Universal Access Global Holdings Inc. completed a 1-for-20 reverse stock split of all of its outstanding common stock. As a result of the 1-for-20 reverse stock split, the amount of this option grant, which was previously reported as covering 100,000 shares at an exercise price of $0.47 per share, was adjusted to reflect the reverse split.
[F3]This option was previously reported as covering 1,900,000 shares at an exercise price of $0.46 per share, and was adjusted to reflect the 1-for-20 reverse stock split described above.
[F4]This option was previously reported as covering 500,000 shares at an exercise price of $0.13 per share, and was adjusted to reflect the 1-for-20 reverse stock split described above.
[F5]This option was previously reported as covering 500,000 shares at an exercise price of $0.36 per share, and was adjusted to reflect the 1-for-20 reverse stock split described above.

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