INNOVATE Corp. — Director's Dealing 2012

Apr 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PRIMUS TELECOMMUNICATIONS GROUP INC (PTGI)
CIK: 0001006837
Period of Report: 2012-04-15

Reporting Person: SCHWARZ KEN (CFO (PFO); SVP, IT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-15	Common Stock	A	3801	—	Acquired	30205	Direct
2012-04-15	Common Stock	F	1223	$16.76	Disposed	28982	Direct

Footnotes

F1: On July 5, 2011, the Compensation Committee granted this performance-based award, which vested on April 15, 2012 in conjunction with PTGi meeting certain financial targets for the 2011 fiscal year.

F2: Shares withheld to cover the tax liability associated with the vesting of the 3,801 shares in Footnote 1 which vested on 4/15/2012.