INNOVATE Corp. — Director's Dealing 2010

Aug 3, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PRIMUS TELECOMMUNICATIONS GROUP INC (PMUG)
CIK: 0001006837
Period of Report: 2010-07-30

Reporting Person: SUBIN NEIL S (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-07-30	Stock Option (right to buy)	$7.60	A	10000	Acquired	2020-07-30	Common Stock (10000)	Direct

Footnotes

F1: Annual Distribution of Director Stock Options. The options vest in three equal installments; one third vests on the grant date, one third vests on the first anniversary of the grant date, and one third vests on the second anniversary of the grant date.

F2: No consideration.