AI assistant
INNOVATE Corp. — Director's Dealing 2013
Aug 30, 2013
34366_dirs_2013-08-30_89bbb142-64fc-4cf6-a1a9-990d76b13805.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PRIMUS TELECOMMUNICATIONS GROUP INC (PTGI)
CIK: 0001006837
Period of Report: 2013-08-28
Reporting Person: Ramlall Richard (ChiefCommun.Off.; SVPCorp.Dev.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-08-28 | Common Stock | D | 2632 | — | Disposed | 22559 | Direct |
| 2013-08-28 | Common Stock | A | 2632 | — | Acquired | 25191 | Direct |
| 2013-08-28 | Common Stock | D | 5000 | — | Disposed | 20191 | Direct |
| 2013-08-28 | Common Stock | A | 5000 | — | Acquired | 25191 | Direct |
| 2013-08-28 | Common Stock | D | 5000 | — | Disposed | 20191 | Direct |
| 2013-08-28 | Common Stock | A | 5000 | — | Acquired | 25191 | Direct |
| 2013-08-28 | Common Stock | A | 2631 | — | Acquired | 27822 | Direct |
Footnotes
F1: On July 5, 2011, the Compensation Committee granted a time-based award of which one-third, or 2,632 shares, vested on December 31, 2011 and one-third, or 2,631 shares, vested on June 27, 2012. The Compensation Committee accelerated the vesting of the final one-third, or 2,632 shares, from December 31, 2013 to August 30, 2013.
F2: 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 $24 prior to April 15, 2014. The amendment accelerated the vesting to become fully vested on August 30, 2013.
F3: 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 $30 prior to April 15, 2014. The amendment accelerated the vesting to become fully vested on August 30, 2013.
F4: On July 5, 2011, the Compensation Committee granted a performance-based award of which one-third, or 2,631 shares, vested on April 15, 2012 and one-third, or 2,632 shares, vested on June 27, 2012. The Compensation Committee accelerated the vesting of the final one-third, or 2,631 shares, from April 15, 2014 to August 30, 2013.