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4//SEC Filing

COWELL AARON D JR 4

Accession 0001182803-03-000009

CIK 0001054290other

Filed

Aug 4, 8:00 PM ET

Accepted

Aug 5, 9:09 PM ET

Size

11.3 KB

Accession

0001182803-03-000009

Insider Transaction Report

Form 4
Period: 2003-08-01
COWELL AARON D JR
DirectorPresident & CEO
Transactions
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2003-01-29360,000100,000 total
    Exercise: $7.31Exp: 2008-09-18Class A Common Stock (360,000 underlying)
  • Award

    Employee Stock Option (right to buy)

    2003-08-01$4.06/sh+385,000$1,563,100460,000 total
    Exercise: $4.06Exp: 2013-08-01Class A Common Stock (385,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2003-01-2925,00075,000 total
    Exercise: $26.13Exp: 2009-12-23Class A Common Stock (25,000 underlying)
Holdings
  • Class A Common Stock

    21,513.7
Footnotes (5)
  • [F1]Total amount of securities beneficially owned as of August 4, 2003 reflects an increase due to reporting person's participation in the US LEC Corp. Employee Stock Purchase Plan.
  • [F2]On January 29, 2003, issuer canceled an option to purchase 360,000 shares of our Class A common stock at $7.3125 per share.
  • [F3]On January 29, 2003, issuer canceled an option to purchase 25,000 shares of our Class A common stock at $26.125 per share.
  • [F4]These options were exercisable at various dates in accordance with the option grants made under issuer's 1998 Omnibus Stock Plan.
  • [F5]This option was granted in exchange for the options that were canceled as described in the preceding footnotes. This option becomes exercisable in accordance with the terms set forth in the issuer's Offer to Exchange, dated December 20, 2002.

Issuer

US LEC CORP

CIK 0001054290

Entity typeother

Related Parties

1
  • filerCIK 0001182803

Filing Metadata

Form type
4
Filed
Aug 4, 8:00 PM ET
Accepted
Aug 5, 9:09 PM ET
Size
11.3 KB