MORGAN H LAWRENCE 4
4 · INFONET SERVICES CORP · Filed Feb 28, 2005
Insider Transaction Report
Form 4
MORGAN H LAWRENCE
VP of Marketing
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2005-02-25−180,000→ 0 totalExercise: $2.45From: 2005-02-25Exp: 2011-08-21→ Class B Common Stock (180,000 underlying) - Disposition to Issuer
Class B Common Stock
2005-02-23$2.06/sh−36,000$74,160→ 0 total(indirect: Custodian under Uniform Gift to Minors Act for Daughter) - Disposition to Issuer
Stock Option (right to buy)
2005-02-25−15,000→ 0 totalExercise: $5.88From: 2005-02-25Exp: 2010-11-21→ Class B Common Stock (15,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2005-02-25−100,000→ 0 totalExercise: $1.62From: 2005-02-25Exp: 2013-08-26→ Class B Common Stock (100,000 underlying) - Disposition to Issuer
Class B Common Stock
2005-02-23$2.06/sh−319,152$657,453→ 0 total
Footnotes (3)
- [F1]Canceled pursuant to the merger agreement between the Issuer and British Telecommunications plc ("BT") in exchange for $2.06 per share merger consideration.
- [F2]This option was canceled in the merger without consideration due to the exercise price exceeding the $2.06 per share merger consideration.
- [F3]This option was canceled in the merger in exchange for a cash payment of $44,000.00 by BT, representing the difference between the exercise price of the option and the $2.06 per share merger consideration.