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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 | ||||||||
Stock Option (right to buy) | $ 3.88 | 01/15/2014 | D | 14,622 (3) | 01/15/2014 | 06/12/2022 | Common Stock | 14,622 | (5) | 0 | D | ||||
Stock Option (right to buy) | $ 3.88 | 01/15/2014 | A | 14,622 (3) | 01/15/2014 | 06/12/2022 | Common Stock | 14,622 | (5) | 14,622 | D | ||||
Stock Option (right to buy) | $ 3.72 | 01/15/2014 | D | 21,309 (4) | 01/15/2014 | 06/12/2023 | Common Stock | 21,309 | (5) | 0 | D | ||||
Stock Option (right to buy) | $ 3.72 | 01/15/2014 | A | 21,309 (4) | 01/15/2014 | 06/12/2023 | Common Stock | 21,309 | (5) | 21,309 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HOLLIDAY MARK E C/O PTGI HOLDING INC. 460 HERNDON PARKWAY, SUITE 150 HERNDON, VA 20170 |
X |
Andrea L. Mancuso, Attorney-in-Fact | 01/16/2014 | |
**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) | Amendment of outstanding RSU resulting in deemed cancellation of RSU and grant of replacement RSU. On June 12, 2012, the Compensation Committee granted a time-based award of which one-half, or 2,500 shares, vested on June 12, 2013. The Compensation Committee accelerated the vesting of the final one-half, or 2,500 shares, from June 12, 2014 to January 15, 2014. |
(2) | Amendment of outstanding RSU resulting in deemed cancellation of RSU and grant of replacement RSU. On June 12, 2013, the Compensation Committee granted a time-based award of which no shares have vested. The Compensation Committee accelerated the vesting of one-half, or 2,500 shares, from June 12, 2014 to January 15, 2014 and one-half, or 2,500 shares, from June 12, 2015 to January 15, 2014. |
(3) | Amendment of outstanding option resulting in deemed cancellation of option and grant of replacement option. On June 12, 2012, Mr. Holliday received an Annual Grant of Director Stock Options that provided for vesting in three equal installments beginning on June 12, 2012. As a result of cash dividends declared since the original issuance, Mr. Holliday is now entitled to exercise 43,866 options at an exercise price of $3.88. The Compensation Committee accelerated the vesting of the final one-third, or 14,622 options, from June 12, 2014 to January 15, 2014. |
(4) | Amendment of outstanding option resulting in deemed cancellation of option and grant of replacement option. On June 12, 2013, Mr. Holliday received an Annual Grant of Director Stock Options that provided for vesting in three equal installments beginning on June 12, 2013. As a result of cash dividends declared since the original issuance, Mr. Holliday is now entitled to exercise 31,963 options at an exercise price of $3.72. The Compensation Committee accelerated the vesting of the second-third, or 10,654 options, from June 12, 2014 to January 15, 2014 and the final one-third, or 10,655 options, from June 12, 2015 to January 15, 2014. |
(5) | Director stock option grant. |