INNOVATE Corp. — Director's Dealing 2010

Nov 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PRIMUS TELECOMMUNICATIONS GROUP INC (PMUG)
CIK: 0001006837
Period of Report: 2010-11-08

Reporting Person: SUBIN NEIL S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-08	Restricted Stock	A	50000	—	Acquired	50000	Direct

Footnotes

F1: Pursuant to the terms of the Issuer's Management Compensation Plan, shares of common stock underlying service-based restricted stock granted. Half of the award vests immediately, one quarter vests on December 31, 2011 and the final quarter vests on December 31, 2012, provided Mr. Subin is a Director of the Company on each such vesting date.