STORAGENETWORKS INC 4

Accession 0001181431-03-028118

CIK 0001075658operating

Filed

Oct 29, 7:00 PM ET

Accepted

Oct 30, 4:27 PM ET

Size

16.4 KB

Accession

0001181431-03-028118

Form 4

Period: 2003-10-28

Director

Transactions

Disposition to Issuer
Employee stock option (right to buy)
2003-10-28−76,494→ 0 total
Exercise: $0.50→ Common Stock (76,494 underlying)
Disposition to Issuer
Employee stock option (right to buy)
2003-10-28−500,000→ 0 total
Exercise: $4.66→ Common Stock (500,000 underlying)
Disposition to Issuer
Employee stock option (right to buy)
2003-10-28−10,000→ 0 total
Exercise: $17.00→ Common Stock (10,000 underlying)
Disposition to Issuer
Common Stock
2003-10-28−6→ 0 total
Disposition to Issuer
Employee stock option (right to buy)
2003-10-28−100,000→ 0 total
Exercise: $20.13→ Common Stock (100,000 underlying)
Disposition to Issuer
Employee stock option (right to buy)
2003-10-28−1,250→ 0 total
Exercise: $2.79→ Common Stock (1,250 underlying)
Disposition to Issuer
Common Stock
2003-10-28−48,000→ 0 total(indirect: See Footnote)
Disposition to Issuer
Employee stock option (right to buy)
2003-10-28−1,000,000→ 0 total
Exercise: $2.79→ Common Stock (1,000,000 underlying)
Disposition to Issuer
Employee stock option (right to buy)
2003-10-28−250,000→ 0 total
Exercise: $7.80→ Common Stock (250,000 underlying)

Footnotes (4)

[F1]Pursuant to the Plan of Complete Liquidation and Dissolution of StorageNetworks, Inc. (the "Plan of Liquidation"), these shares of Common Stock were cancelled in exchange for the right to receive a pro rata portion of liquidating distributions to be made under the Plan of Liquidation.
[F2]These shares of Common Stock are held by The 2000 Paul C. Flanagan Irrevocable Trust. Mr. Flanagan disclaims beneficial ownership with respect to these securities except to the extent of his pecuniary interest therein, if any, and the reporting of these securities on this form shall not be deemed an admission that Mr. Flanagan is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these securities.
[F3]Pursuant to the terms of the Amended and Restated 1998 Stock Incentive Plan, as amended, this stock option became exercisable in full as of 10/14/03 and terminated as of 10/28/03 in exchange for the right to receive a pro rata portion of liquidating distributions to be made under the Plan of Liquidation, less the exercise price of such option.
[F4]Pursuant to the terms of the 2000 Stock Plan, as amended, this stock option became exercisable in full as of 10/14/03 and terminated as of 10/28/03 in exchange for the right to receive a pro rata portion of liquidating distributions to be made under the Plan of Liquidation, less the exercise price of such option.

Documents

1 file

STORAGENETWORKS INC

CIK 0001075658

Entity typeoperating

IncorporatedDE