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INNOVATE Corp. — Director's Dealing 2010
Mar 5, 2010
34366_dirs_2010-03-05_77fda6c6-87eb-47b7-a034-593fb5036669.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: 2010-03-04
Reporting Person: DEPODESTA JOHN (Director, Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-03-04 | Common Stock | M | 39746 | — | Acquired | 39746 | Direct |
| 2010-03-04 | Common Stock | F | 12798 | $6.05 | Disposed | 26948 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-03-04 | Restricted Stock Unit | $ | M | 39746 | Disposed | Common Stock (39746) | Direct |
Footnotes
F1: Pursuant to the terms of the Issuer's Management Compensation Plan for the year 2009, shares of common stock underlying performance-based restricted stock units granted on July 1, 2010, were issued on March 4, 2010, in connection with the achievement of the Adjusted EBITDA Target as set forth in the Management Compensation Plan for the year 2009.
F2: Represents shares withheld by the company from issuance upon vesting of performance based restricted stock units in order to satisfy tax obligations of the reporting person resulting from vesting of such restricted stock units.