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INNOVATE Corp. — Director's Dealing 2012
Jun 29, 2012
34366_dirs_2012-06-29_afc93386-7b5c-4df6-9ed2-02552a40254d.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: 2012-06-27
Reporting Person: FILIPOWICZ JOHN D (CAO, VP, HR & Acting GC & Sec)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-06-27 | Common Stock | D | 2000 | — | Disposed | 10141 | Direct |
| 2012-06-27 | Common Stock | A | 2000 | — | Acquired | 12141 | Direct |
| 2012-06-27 | Common Stock | A | 1535 | — | Acquired | 13676 | Direct |
| 2012-06-27 | Common Stock | F | 1754 | $16.63 | Disposed | 11922 | Direct |
Footnotes
F1: Amendment of outstanding RSU resulting in deemed cancellation of RSU and grant of replacement RSU. The RSU was originally granted on July 5, 2011 and provided for vesting if PTGi's stock price closes at or above $18 prior to April 15, 2014. The amendment accelerated the vesting to become fully vested on June 27, 2012.
F2: On July 5, 2011, the Compensation Committee granted a performance-based award of which one-third, or 1,535 shares, vested on April 15, 2012. The Compensation Committee accelerated the vesting of the second one-third, or 1,535 shares, from April 15, 2013 to June 27, 2012.
F3: Shares withheld to cover the tax liability associated with the vestings on June 27, 2012.