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INNOVATE Corp. Director's Dealing 2011

Aug 11, 2011

34366_dirs_2011-08-11_740aad2d-1bb5-45cc-b34a-866b45bb805c.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PRIMUS TELECOMMUNICATIONS GROUP INC (PTGI)
CIK: 0001006837
Period of Report: 2011-08-09

Reporting Person: AQUINO PETER D (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-08-09 Common Stock A 62380 Acquired 471246 Direct

Footnotes

F1: The common stock reported represents the grant of restricted stock units that vest as to one-third of the shares on 3/31/2012, one-third of the shares on 3/31/2013, and one-third of the shares on 3/31/2014.

F2: Consists of (a) a restricted stock grant of 80,820 shares on 6/30/2011, of which 26,940 shares vested on 6/30/2011, 26,940 shares vest on 1/1/2012 and 26,940 shares vest on 1/1/2013, (b) a restricted stock grant of 164,500 shares, (c) common stock grants of 54,833, 54,833, 26,940 and 26,940 shares in respect of performance-based awards granted on 6/30/2011 and (d) the amount described in footnote 1.