SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Freiberg Gregory William

(Last) (First) (Middle)
1 SAVVIS PARKWAY

(Street)
TOWN & COUNTRY MO 63017

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SAVVIS, Inc. [ SVVS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP, Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/15/2011
4. If Amendment, Date of Original Filed (Month/Day/Year)
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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 07/15/2011 A 32,314 A (1) 57,314 D
Common Stock 07/15/2011 D 50,000 D (2) 7,314 D
Common Stock 07/15/2011 D 7,314 D (3) 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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
Employee Stock Option (right to buy) $11.07 07/15/2011 D 243,750 (4) 05/04/2019 Common Stock 243,750 (4) 0 D
Explanation of Responses:
1. Represents (i) 25,000 restricted stock units which were subject to vesting over three years contingent upon meeting 2011 performance-based conditions and which were converted pursuant to the agreement and plan of merger (the "Merger Agreement") among SAVVIS, Inc., a Delaware corporation ("Savvis"), CenturyLink, Inc., a Louisiana corporation ("CenturyLink") and Mimi Acquisition Company, a Delaware Corporation and wholly owned subsidiary of CenturyLink ("Merger Sub"), pursuant to which Merger Sub merged with and into Savvis (the "Merger"), into the right to receive (a) $30.00 in cash and (b) 0.2479 of a share of CenturyLink common stock (together, the "Merger Consideration") per share as described in footnote [2] below, and (ii) 7,314 restricted stock units granted under Savvis' 2011 Annual Incentive Plan which were converted pursuant to the Merger Agreement as described in footnote [3] below.
2. Represents restricted stock units, and pursuant to the Merger Agreement, (i) 50% of the unvested restricted stock units outstanding immediately prior to the closing date of the Merger became fully vested as of the closing date of the Merger and converted into the right to receive the Merger Consideration and (ii) 50% of the unvested restricted stock units outstanding immediately prior to the closing date of the Merger were assumed by CenturyLink as of the closing date of the Merger and converted into CenturyLink restricted stock units.
3. Represents restricted stock units granted under Savvis' 2011 Annual Incentive Plan that pursuant to the Merger Agreement, were converted into the right to receive a cash payment of $155,671.14.
4. This option was assumed by CenturyLink pursuant to the Merger Agreement and converted into a fully vested option to purchase 250,163 shares of CenturyLink common stock for $10.79 per share.
Remarks:
/s/ Peter J. Bazil, Attorney-in-Fact 07/19/2011
** 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).
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