ABOVENET INC 4
4 · ABOVENET INC · Filed Jul 2, 2012
Insider Transaction Report
Form 4
ABOVENET INCABVT
BRODSKY JEFFREY A
Director
Transactions
- Disposition to Issuer
Common Stock
2012-07-02$84.00/sh−24,872$2,089,248→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2012-07-02−2,000→ 0 totalExercise: $30.00Exp: 2018-09-08→ Common Stock (2,000 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2012-07-02−6,000→ 0 totalExercise: $10.47Exp: 2013-09-12→ Common Stock (6,000 underlying)
Footnotes (3)
- [F1]Disposed of at the effective time of the merger pursuant to the Agreement and Plan of Merger, dated as of March 18, 2012, by and among AboveNet, Inc. (the "Company"), Zayo Group, LLC and Voila Sub, Inc. (the "Merger Agreeement") for $84.00 per share in cash.
- [F2]Immediately exercisable.
- [F3]At the effective time of the merger pursuant to the Merger Agreement, each outstanding option to purchase shares of the Company's common stock issued by the Company under its equity incentive plans, whether vested or unvested, were cancelled and terminated and converted into the right to receive an amount in cash equal to the product of the total number of shares of Company common stock subject to that option multiplied by the amount by which $84.00 exceeds the exercise price per share of the option.