SEC Form 4 · accession 0001102541-15-000030
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
Nov 5, 2015
Accepted (ET)
Nov 6, 2015 · 5:30 pm EST
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 | Nov 5, 2015 | M | 18,329 | $7.51 | A | 74,909 | D | |
| Common StockF1 | Nov 5, 2015 | F | 16,323 | $9.49 | D | 58,586 | D | |
| Common StockF1 | Nov 5, 2015 | M | 1,500 | $7.16 | A | 60,086 | D | |
| Common StockF1 | Nov 5, 2015 | F | 1,307 | $9.49 | D | 58,779 | 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 | Nov 5, 2015 | M | 18,329 | D | Feb 16, 2013 | Feb 16, 2022 | Common Stock | 18,329 | 301,338 | D |
| Stock optionsF1,F3 | $7.16 | Nov 5, 2015 | M | 1,500 | D | Feb 8, 2009 | Feb 8, 2018 | Common Stock | 1,500 | 299,838 | D |
Explanation of responses
- F1On November 5, 2015, Mr. Alterman exercised 19,829 stock options by using a "net exercise" procedure and received 2,199 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 76,285 shares of common stock and 225,053 Restricted Stock Units.
- F3Includes options to purchase 74,785 shares of common stock and 225,053 Restricted Stock Units.