INNOVATE Corp. — Director's Dealing 2013

Apr 30, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PRIMUS TELECOMMUNICATIONS GROUP INC (PTGI)
CIK: 0001006837
Period of Report: 2013-04-26

Reporting Person: AQUINO PETER D (Director, Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-26	Common Stock	D	41586	—	Disposed	473605	Direct
2013-04-26	Common Stock	A	41586	—	Acquired	515191	Direct
2013-04-30	Common Stock	F	17924	$12.57	Disposed	497267	Direct

Footnotes

F1: On August 9, 2011, the Compensation Committee granted performance-based and time-based awards of which one-third vested on March 31, 2012, one-third vested on March 31, 2013, one-third were to vest on March 31, 2014. The Compensation Committee accelerated the vesting of the final one-third, or 41,586 shares, from March 31, 2014 to April 30, 2013.

F2: The amount represents the shares withheld to cover the tax liability associated with the vesting on April 30, 2013.