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INNOVATE Corp. Director's Dealing 2011

Jul 5, 2011

34366_dirs_2011-07-05_091287fe-4859-4f67-89c2-89187697b488.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: 2011-06-30

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-06-30 Common Stock A 80820 Disposed 245320 Direct
2011-06-30 Common Stock A 163546 Disposed 408866 Direct

Footnotes

F1: 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.

F2: Includes a restricted stock grant of 164,500 shares, of which 109,667 remain subject to vesting, and the amount described in footnote 1.

F3: Consists of 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.

F4: Includes shares described in footnotes 2 and 3.