INNOVATE Corp. — Director's Dealing 2011

Jan 18, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PRIMUS TELECOMMUNICATIONS GROUP INC (PMUG)
CIK: 0001006837
Period of Report: 2011-01-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-01	Restricted Stock	M	54833	—	Acquired	54833	Direct

Footnotes

F1: Pursuant to the terms of the Issuer's Management Compensation Plan, shares of common stock underlying service-based restricted stock granted on October 12, 2010. 54,833 shares shall vest on January 1, 2011, 54,833 shares shall vest on January 1, 2012, and 54,834 shares shall vest on January 1, 2013, provided Mr. Aquino is employed by the Company on each such vesting date. Sharess issued in connection with the achievement of service period requirements satisfied as of January 1, 2011.