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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Arbinet Corp. (MM) | NASDAQ:ARBX | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.59 | 0 | 01:00:00 |
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
|
OMB APPROVAL
OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5 |
|
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 |
|
1. Name and Address of Reporting Person
*
ODonnell Shawn Francis |
2. Issuer Name
and
Ticker or Trading Symbol
ARBINET Corp [ ARBX ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__ X __ Director _____ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) CEO & PRESIDENT |
C/O ARBINET CORPORATION, 460 HERNDON PARKWAY, SUITE 150 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
|
|
HERNDON,, VA 20170 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
||||||||||
1.Title of Security
(Instr. 3) |
2. Trans. Date | 2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 2/18/2011 | M (1) | 18749 (1) (2) | A | $6.52 | 36422 | D | |||
Common Stock | 2/18/2011 | D (1) | 13679 (1) | A | $9.14 | 22743 (3) | D |
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) |
|||||||||||||||
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Appreciation Right | $6.52 | 2/18/2011 | M | 18749 | (2) | 2/18/2019 | Common Stock | 18749 | $0 | 0 | D |
Explanation of Responses: | |
( 1) | The acquisition of common stock resulted from the exercise of a Stock Appreciation Right settled in stock, which is reportable as the acquisition of the shares exercised (18,749) and the disposition of a portion of the shares exercised to pay the exercise price (13,679), resulting in the net acquisition of 5,070 shares of common stock. The number of shares vested and the exercise price include the effect of a 1-for-4 reverse stock split, which occurred on June 11, 2010. |
( 2) | The Stock Appreciation Right was issued on February 18, 2009 and reported on a Form 4 on February 20, 2009. The Stock Appreciation Right vested monthly on the 18th day of each month in 48 equal installments, beginning March 18, 2009. All terms remain the same other than the pro rata adjustments resulting from the reverse stock split referenced in note 1 above. As of February 18, 2011, the Stock Appreciation Right was vested as to 18,749 shares of common stock at an exercise price of $6.52 per share. |
( 3) | Includes the effect of a 1-for-4 reverse stock split, which was effected on June 11, 2010, upon the reporting person's holdings of (a) 15,000 (split-adjusted) restricted stock units that vest in equal parts on each of April 1, 2011, April 1, 2012 and April 1, 2013; (b) 583 (split-adjusted) shares of restricted stock that vest on June 19, 2011; and (c) 7,160 (split-adjusted) shares of unrestricted common stock. |
Reporting Owners
|
|||||
Reporting Owner Name / Address |
|
||||
Director | 10% Owner | Officer | Other | ||
ODonnell Shawn Francis
C/O ARBINET CORPORATION 460 HERNDON PARKWAY, SUITE 150 HERNDON,, VA 20170 |
X |
|
CEO & PRESIDENT |
|
Signatures
|
||
/s/ Christie A. Hill, Attorney-in-Fact | 2/23/2011 | |
** Signature of Reporting Person |
Date
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1 Year Arbinet Chart |
1 Month Arbinet Chart |
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