RCN CORP /DE/ 4
4 · RCN CORP /DE/ · Filed Jan 2, 2008
Insider Transaction Report
Form 4
RCN CORP /DE/RCNI
MOONEY JAMES F
Director
Transactions
- Tax Payment
Common Stock
2007-12-24$15.71/sh−5,841$91,762→ 225,369 total - Tax Payment
Common Stock
2007-12-21$15.88/sh−33,843$537,427→ 231,210 total
Footnotes (2)
- [F1]Transfer restrictions with respect to 77,265 shares of RCN Common Stock lapsed on December 21, 2007, of which 33,843 were immediately sold to cover applicable taxes, in accordance with the terms of the Employment Agreement, dated December 21, 2004, by and between Mr. Mooney and the Company, as a result of the non-renewal of such agreement.
- [F2]Transfer restrictions with respect to 13,334 shares of RCN Common Stock lapsed following the determination by the Board of Directors of RCN Corporation to accelerate the vesting on all of Mr. Mooney's outstanding equity compensation awards in connection with the non-renewal of Mr. Mooney's Employment Agreement, of which 5,841 shares were immediately sold to cover applicable taxes.