4//SEC Filing
PAETEC Holding Corp. 4
Accession 0001372041-11-000050
CIK 0001372041operating
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 3:48 PM ET
Size
17.7 KB
Accession
0001372041-11-000050
Insider Transaction Report
Form 4
Chesonis Algimantas K
Senior Vice President
Transactions
- Tax Payment
Common Stock
2011-11-30$5.37/sh−106,577$572,318→ 325,102 total - Disposition to Issuer
Common Stock
2011-11-30−325,102→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2011-11-30−7,000→ 0 totalExercise: $7.64Exp: 2018-03-03→ Common Stock (7,000 underlying) - Award
Common Stock
2011-11-30+14,354→ 431,679 total - Disposition to Issuer
Employee Stock Option (right to buy)
2011-11-30−3,500→ 0 totalExercise: $1.28Exp: 2019-03-02→ Common Stock (3,500 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2011-11-30−15,000→ 0 totalExercise: $4.59Exp: 2020-03-26→ Common Stock (15,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2011-11-30−15,000→ 0 totalExercise: $4.74Exp: 2021-07-01→ Common Stock (15,000 underlying)
Footnotes (4)
- [F1]Reflects the vesting of restricted stock units not previously required to be reported on Form 4 due to the fact that they were subject to the satisfaction of performance conditions. In accordance with the terms of the award agreements, these restricted stock units vested immediately prior to the closing of the merger of PAETEC Holding Corp. into a subsidiary of Windstream Corporation (the "Merger") pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 31, 2011. Upon vesting, each restricted stock unit was converted into one share of PAETEC Holding Corp. common stock.
- [F2]Disposed of pursuant to the Merger Agreement, pursuant to which each share of common stock of PAETEC Holding Corp. was converted into 0.460 shares of common stock of Windstream Corporation and cash payable in lieu of any fractional shares of Windstream common stock.
- [F3]In connection with the closing of the Merger pursuant to the Merger Agreement, the option became fully exercisable fifteen days prior to November 30, 2011.
- [F4]Pursuant to the Merger Agreement, each outstanding option was assumed by Windstream Corporation and converted into an option to purchase a number of shares of Windstream common stock equal to the product of 0.460 multiplied by the number of shares of PAETEC common stock that would have been acquired upon the exercise of such option prior to the effective time of the Merger, with an exercise price equal to the exercise price for each share of PAETEC common stock prior to the effective time divided by 0.460.
Documents
Issuer
PAETEC Holding Corp.
CIK 0001372041
Entity typeoperating
Related Parties
1- filerCIK 0001372041
Filing Metadata
- Form type
- 4
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 3:48 PM ET
- Size
- 17.7 KB