SEC Form 4 · accession 0001102541-15-000015
EarthLink Holdings, LLC · ELNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian P Fink
Officer — Chief Technology Officer
Period of report
Aug 4, 2015
Accepted (ET)
Aug 5, 2015 · 8:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001102541
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 4, 2015 | M | 68,597 | $7.51 | A | 78,068 | D | |
| Common StockF1 | Aug 4, 2015 | F | 64,442 | $8.09 | D | 13,626 | D | |
| Common Stock | Aug 5, 2015 | S | 8,641 | $8.55 | D | 4,985 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1,F2 | $7.51 | Aug 4, 2015 | M | 68,597 | D | Feb 16, 2013 | Feb 16, 2022 | Common Stock | 68,597 | 342,040 | D |
Explanation of responses
- F1On August 4, 2105, Mr. Fink exercised 68,597 stock options by using a "net exercise" procedure and received 4,155 shares of common stock. No shares were sold in the public markets. On exercising these options, Mr. Fink became a stockholder of record with regard to these additional shares of common stock and accordingly will receive quarterly dividends on these shares.
- F2Includes options to purchase 98,497 shares of common stock and 243,543 Restricted Stock Units.