ODonnell Shawn Francis 4
4 · ARBINET Corp · Filed Aug 24, 2010
Insider Transaction Report
Form 4
ARBINET CorpARBX
ODonnell Shawn Francis
DirectorCEO and President
Transactions
- Tax Payment
Common Stock
2010-08-21$7.61/sh−207$1,575→ 17,673 total
Footnotes (3)
- [F1]The disposition reported in this Form 4 resulted from the issuer withholding 207 shares of the reporting person's restricted stock that vested on August 21, 2010 to fund the reporting person's tax withholding obligations upon the vesting of the restricted stock. The restricted stock was initially granted on August 21, 2007.
- [F2]The price equals the closing price of the issuer's common stock as reported on NASDAQ on August 20, 2010.
- [F3]Includes the effect of a 1-for-4 reverse stock split, which was effected on June 11, 2010, upon the reporting person's holdings of (a) 15,000 (split-adjusted) restricted stock units that vest in equal parts on each of April 1, 2011, April 1, 2012 and April 1, 2013; (b) 583 (split-adjusted) shares of restricted stock that vest on June 19, 2011; and (c) 2,090 (split-adjusted) shares of unrestricted common stock.