SEC Form 4 · accession 0001181431-15-003047

EarthLink Holdings, LLC · ELNK

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Executive Officer · Director

Period of report

Feb 20, 2015

Accepted (ET)

Feb 23, 2015 · 5:01 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 Stock^F1	Feb 20, 2015	M	88,336	—	A	152,936	D
Common Stock^F2	Feb 20, 2015	F	24,159	—	D	128,777	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F3	—	Feb 20, 2015	M	88,336	D	Feb 20, 2015	Feb 20, 2024	Common Stock	88,336	866,679	D
Restricted Stock Units^F4,F5	—	Feb 20, 2015	A	539,326	A	Feb 20, 2016	Feb 20, 2025	Common Stock	539,326	1,406,005	D

F1Vested Restricted Stock Units were converted and distributed to the Reporting Person, without payment, in shares of Common Stock on a unit-for-share basis.
F2Shares deemed surrendered in payment of tax liability resulting from vesting of Restricted Stock Units.
F3Includes options to purchase 300,000 shares of common stock and 566,679 Restricted Stock Units.
F4The Restricted Stock Units were acquired under the Company's 2011 Equity and Cash Incentive Plan. 50% of the Restricted Stock Units are performance-based and 50% are time-based. The performance-based Restricted Stock Units will be earned depending on the level of successful completion during 2015 of certain Company performance objectives, with full vesting of Restricted Stock Units earned on the third anniversary of the grant date. The time-based Restricted Stock Units vest ratably on the first, second and third anniversaries of the grant date.
F5Includes options to purchase 300,000 shares of common stock and 1,106,005 Restricted Stock Units.