FEHLAN SCOTT D 4

4 · UNIVERSAL ACCESS GLOBAL HOLDINGS INC · Filed Aug 11, 2003

Form 4

Period: 2003-08-11

General Counsel and Secretary

Transactions

Award
Employee Stock Option (right to buy)
2002-06-03+22,500→ 22,500 total
Exercise: $8.40Exp: 2012-06-03→ Common Stock (22,500 underlying)
Award
Employee Stock Option (right to buy)
1999-09-09+21,451→ 21.451 total
Exercise: $55.80Exp: 2009-09-09→ Common Stock (21,451 underlying)
Sale
Common Stock
2003-08-11$5.02/sh−1,435$7,204→ 312 total
Award
Employee Stock Option (right to buy)
2001-09-28+8,750→ 8,750 total
Exercise: $14.80Exp: 2001-09-28→ Common Stock (8,750 underlying)

Footnotes (7)

[F1]Effective the close of business on August 8, 2003, Universal Access Global Holdings Inc. effected a 1-for-20 reverse stock split of all of its outstanding common stock. As a result of the reverse split, the amount of common stock beneficially owned by the reporting person decreased by 33,211 shares.
[F2]This option was previously reported as covering 429,000 shares at an exercise price of $2.79 per share, and was adjusted to reflect the 1-for-20 reverse stock split described above.
[F3]As of today's date, 20,409 shares subject to the option are exercisable and as to the remainder of the shares, 521 vest on the 16th day of each month.
[F4]This option was previously reported as covering 175,000 shares at an exercise price of $0.74 per share, and was adjusted to reflect the 1-for-20 reverse stock split described above.
[F5]Options vest as to 50% of the shares immediately on the date of grant and as to the remainder of the shares, 1/24th on the 16th day of each month thereafter.
[F6]This option was previously reported as covering 450,000 shares at an exercise price of $0.42 per share, and was adjusted to reflect the 1-for 20 reverse stock split described above.
[F7]Options vest as to 50% of the shares immediately on the date of grant and as to the remainder of the shares, 1/36th on the 16th day of each month thereafter.

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