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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (right to buy) | $ 0.9 | 07/01/2009 | 07/01/2009(1) | D(1) | 168,334 | (2) | 07/09/2011 | Common Stock | 168,334 | (3) | 0 | D | |||
Employee Stock Option (right to buy) | $ 0.9 | 07/01/2009 | 07/01/2009(1) | D(1) | 338,100 | (2) | 07/09/2011 | Common Stock | 338,100 | (3) | 0 | D | |||
Employee Stock Option (right to buy) | $ 1.65 | 07/01/2009 | 07/01/2009(1) | D(1) | 505,000 | (4) | 12/19/2012 | Common Stock | 505,000 | (3) | 0 | D | |||
Employee Stock Option (right to buy) | $ 1.9 | 07/01/2009 | 07/01/2009(1) | D(1) | 250,000 | (5) | 01/10/2013 | Common Stock | 250,000 | (3) | 0 | D | |||
Employee Stock Option (right to buy) | $ 1.98 | 07/01/2009 | 07/01/2009(1) | D(1) | 1,100,000 | (6) | 02/12/2013 | Common Stock | 1,100,000 | (3) | 0 | D | |||
Employee Stock Option (right to buy) | $ 3.03 | 07/01/2009 | 07/01/2009(1) | D(1) | 300,000 | (7) | 11/30/2014 | Common Stock | 300,000 | (3) | 0 | D | |||
Employee Stock Option (right to buy) | $ 0.77 | 07/01/2009 | 07/01/2009(1) | D(1) | 200,000 | (8) | 02/02/2016 | Common Stock | 200,000 | (3) | 0 | D | |||
Employee Stock Option (right to buy) | $ 0.36 | 07/01/2009 | 07/01/2009(1) | D(1) | 300,000 | (9) | 03/03/2018 | Common Stock | 300,000 | (3) | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SINGH K PAUL 7901 JONES BRANCH DRIVE SUITE 900 MCLEAN, VA 22102 |
X | Chairman, President and CEO |
K. Paul Singh | 07/01/2009 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | On March 16, Primus Telecommunications Group, Inc. and three of its subsidiaries each filed a Chapter 11 case. The Plan of Reorganization was approved by the Bankruptcy Court on June 12, 2009 and became effective on July 1, 2009, whereupon all previously outstanding equities were automatically cancelled. |
(2) | The option vested in two equal installments on July 9, 2002 and July 9, 2003. |
(3) | No consideration. |
(4) | The option vested in two equal installments on December 19, 2003 and December 19, 2004. |
(5) | The option vested in three equal installments on January 10, 2004, January 10, 2005 and December 21, 2005. |
(6) | The option vested on February 12, 2004. |
(7) | The option vested on December 21, 2005. |
(8) | The option vested in six equal semi-annual installment beginning on August 2, 2006. |
(9) | The option vests in six equal semi-annual installment beginning on September 3, 2008. |