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INNOVATE Corp. Director's Dealing 2011

Sep 6, 2011

34366_dirs_2011-09-06_7d4c5a04-3212-4a0d-80a0-01ca7ab3d89e.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: 2011-08-30

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-08-30 Common Stock A 5500 $11.50 Acquired 476746 Direct

Footnotes

F1: Consists of 5,500 shares purchased on the open market at an average price of $11.50 per share.

F2: Consists of 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; a restricted stock grant of 164,500 shares; 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; a grant of 62,380 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; as well as shares described in footnote 1.