UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (right to buy) | Â (1) | 02/01/2020 | Common Stock | 25,449 | $ 14.51 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Hill Christie C/O PRIMUS TELECOMMUNICATIONS GROUP, INC 7901 JONES BRANCH DRIVE, SUITE 900 MCLEAN, VA 22102 |
 |  |  See Remarks |  |
/s/ Linda Rockett, Attorney-in-Fact | 03/31/2011 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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). |
(1) | This option was initially exercisable for 43,750 shares of common stock of Arbinet Corporation ("Arbinet") and was assumed by Primus Telecommunications Group, Incorporated ("Primus") in its merger with Arbinet on February 28, 2011 and was replaced with an option to purchase 25,449 shares of Primus common stock with an exercise price of $14.51 per share. As of the filing date of this report, the option was vested as to 16,434 shares of Primus common stock and unvested as to 9,015 shares. The unvested portion of this option is subject to monthly vesting, in equal installments, until February 1, 2014. |
 Remarks: General Counsel, Secretary and Senior Vice President, Compliance Officer Exhibit 24.1 Power of Attorney |