INNOVATE Corp. — Director's Dealing 2011

Sep 20, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PRIMUS TELECOMMUNICATIONS GROUP INC (PTGI)
CIK: 0001006837
Period of Report: 2011-09-16

Reporting Person: PONS ROBERT M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-16	Common Stock	A	4583	—	Acquired	4583	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-16	Stock Option (right to buy)	$12.09	A	9166	Acquired	2021-09-16	Common Stock (9166)	Direct

Footnotes

F1: The common stock reported represents the grant of restricted stock units that vest as to one-half of the shares on September 16, 2012 and one-half of the shares on September 16, 2013.

F2: The option vests as to one-third of the shares on the grant date of September 16, 2011, one-third of the shares on September 16, 2012, and one-third of the shares on September 16, 2013.