INNOVATE Corp. — Director's Dealing 2011

Oct 19, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PRIMUS TELECOMMUNICATIONS GROUP INC (PTGI)
CIK: 0001006837
Period of Report: 2011-10-13

Reporting Person: FILIPOWICZ JOHN D (CAO, VP, HR & Acting GC & Sec)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4606	Direct
Common Stock	6000	Direct

Footnotes

F1: The common stock reported represents the grant of restricted stock units on 7/5/2011 that vest as to one-third of the shares on 12/31/2011, one-third of the shares on 12/31/2012, and one-third of the shares on 12/31/2013.

F2: The common stock reported represents the grant of restricted stock units on 7/5/2011 that vest as to one-third of the shares if PTGI's stock price closes at or above $18 on or prior to 4/15/2014, one-third of the shares if PTGI's stock price closes at or above $24 on or prior to 4/15/2014, and one-third of the shares if PTGI's stock price closes at or above $30 on or prior to 4/15/2014.