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INNOVATE Corp. — Director's Dealing 2010
Nov 10, 2010
34366_dirs_2010-11-10_c1c723f3-6120-4d5d-9d7d-fbb0c6804ce0.zip
Director's Dealing
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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: SCHEIWE STEVEN D (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-11-08 | Restricted Stock | A | 5000 | — | Disposed | 5000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-11-08 | Options | $9.80 | A | 10000 | Acquired | 2020-11-08 | Common Stock (10000) | Direct |
Footnotes
F1: Pursuant to the terms of the Issuer's Management Compensation Plan, shares of common stock underlying service-based restricted stock granted. One third of the award vests on December 31, 2011, one third vests on December 31, 2012 and the final third vests on December 31, 2013, provided Mr. Scheiwe is a Director of the Company on each such vesting date.
F2: Pursuant to the terms of the Issuer's Management Compensation Plan, shares of common stock underlying service-based options. One third of the award vests immediately, and one third of the award vest on each anniversary date thereafeter, provided Mr. Scheiwe is a Director of the Company on each such vesting date.