SEC Form 4 · accession 0001102541-15-000021
EarthLink Holdings, LLC · ELNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Samuel R Desimone Jr.
Officer — EVP, General Counsel
Period of report
Sep 15, 2015
Accepted (ET)
Sep 16, 2015 · 5:51 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 | Sep 15, 2015 | M | 42,017 | $6.08 | A | 96,431 | D | |
| Common StockF1 | Sep 15, 2015 | F | 34,493 | $8.89 | D | 61,938 | D | |
| Common StockF1 | Sep 15, 2015 | M | 8,438 | $6.90 | A | 70,376 | D | |
| Common StockF1 | Sep 15, 2015 | F | 7,368 | $8.89 | D | 63,008 | 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 | Sep 15, 2015 | M | 42,017 | D | Feb 20, 2014 | Feb 20, 2023 | Common Stock | 42,017 | 334,742 | D |
| Stock optionsF1,F3 | $6.90 | Sep 15, 2015 | M | 8,438 | D | Oct 24, 2007 | Oct 24, 2016 | Common Stock | 8,438 | 326,304 | D |
Explanation of responses
- F1On September 15, 2015, Mr. DeSimone exercised 50,455 stock options by using a "net exercise" procedure and received 8,594 shares of common stock. No shares were sold in the public markets. On exercising these options, Mr. DeSimone 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 166,675 shares of common stock and 168,067 Restricted Stock Units.
- F3Includes options to purchase 158,237 shares of common stock and 168,067 Restricted Stock Units.