INNOVATE Corp. — Director's Dealing 2013

Jun 13, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PRIMUS TELECOMMUNICATIONS GROUP INC (PTGI)
CIK: 0001006837
Period of Report: 2013-06-12

Reporting Person: SCHEIWE STEVEN D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-06-12	Common Stock	A	5000	—	Acquired	20000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-06-12	Stock Option (right to buy)	$11.89	A	10000	Acquired	2023-06-12	Common Stock (10000)	Direct

Footnotes

F1: Annual Grant of Director RSUs. The common stock reported represents the grant of restricted stock units that vest as to one-half of the shares on June 12, 2014 and one-half of the shares on June 12, 2015.

F2: The exercise price of the option is the closing price of the Issuer's common stock on the NYSE on June 12, 2013, which was the grant date of the option.

F3: Annual Grant of Director Stock Options. The stock options reported vest as to one-third of the shares on June 12, 2013, one-third of the shares on June 12, 2014, and one-third of the shares on June 12, 2015.