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INNOVATE Corp. — Director's Dealing 2012
Aug 3, 2012
34366_dirs_2012-08-03_57b864c8-0d3f-4804-b66e-6f5fa7ed52d8.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: PRIMUS TELECOMMUNICATIONS GROUP INC (PTGI)
CIK: 0001006837
Period of Report: 2012-08-03
Reporting Person: Day Andrew (CEO of North America)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 23649 | Direct |
| Common Stock | 1667 | Direct |
| Common Stock | 7369 | Direct |
| Common Stock | 5000 | Direct |
| Common Stock | 5000 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right to buy) | $11.49 | 2019-07-01 | Common Stock (11818) | Direct | |
| Stock Option (right to buy) | $11.49 | 2019-07-01 | Common Stock (1924) | Direct | |
| Stock Option (right to buy) | $11.49 | 2019-07-01 | Common Stock (1924) | Direct |
Footnotes
F1: The common stock reported represents the remaining unvested portion of a grant of 5,000 restricted stock units, of which 1,667 shares vested on November 8, 2010, 1,666 shares vested on December 31, 2011, 1,667 shares will vest on December 31, 2012.
F2: The common stock reported represents the remaining unvested portion of a grant of 11,053 restricted stock units, of which 3,684 shares vested on December 31, 2011, 3,685 shares will vest on December 31, 2012, and 3,684 shares will vest on December 31, 2013.
F3: The common stock reported represents the grant of restricted stock units that vest if PTGI's stock price closes at or above $24 on or prior to April 15, 2014.
F4: The common stock reported represents the grant of restricted stock units that vest if PTGI's stock price closes at or above $30 on or prior to April 15, 2014.
F5: The option originally had an exercise price of $12.22 for 11,108 shares of common stock. On July 16, 2012, as a result of the cash dividend of $1.00 per share, the Board of Directors adjusted all outstanding options, and the reporting person's options were adjusted to have an exercise price of $11.49 and the number of shares to 11,818.
F6: The option became exercisable as to one-quarter of the shares on January 1, 2010, one-quarter of the shares on July 1, 2010, one-quarter of the shares on January 1, 2011, and one-quarter of the shares on July 1, 2011.
F7: The option originally had an exercise price of $12.22 for 1,808 shares of common stock. On July 16, 2012, as a result of the cash dividend of $1.00 per share, the Board of Directors adjusted all outstanding options, and the reporting person's options were adjusted to have an exercise price of $11.49 and the number of shares to 1,924.