SEC Form 4 · accession 0001102541-15-000017
EarthLink Holdings, LLC · ELNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis M Alterman
Officer — Chief Financial Officer
Period of report
Aug 12, 2015
Accepted (ET)
Aug 14, 2015 · 5:42 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 12, 2015 | M | 29,748 | $6.08 | A | 74,109 | D | |
| Common StockF1 | Aug 12, 2015 | F | 24,524 | $9.14 | D | 49,585 | 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 | $6.08 | Aug 12, 2015 | M | 29,748 | D | Feb 20, 2014 | Feb 20, 2023 | Common Stock | 29,748 | 333,001 | D |
Explanation of responses
- F1On August 12, 2015, Mr. Alterman exercised 29,748 stock options by using a "net exercise" procedure and received 5,224 shares of common stock. No shares were sold in the public markets. On exercising these options, Mr. Alterman 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 94,614 shares of common stock and 238,387 Restricted Stock Units.