-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MVYdcPKlo8lGcQ5mRjRm8u/Gez0ZGNB7idgrVUWq70p3JXimzbTlBMLHJAF5Ih// mCMNVwQIOcL7PoXXnjvfIA== 0001054290-06-000023.txt : 20060329 0001054290-06-000023.hdr.sgml : 20060329 20060329152741 ACCESSION NUMBER: 0001054290-06-000023 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060327 FILED AS OF DATE: 20060329 DATE AS OF CHANGE: 20060329 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: US LEC CORP CENTRAL INDEX KEY: 0001054290 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 562065535 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 6801 MORRISON BOULEVARD STREET 2: MORROCROFT III CITY: CHARLOTTE STATE: NC ZIP: 28211 BUSINESS PHONE: 704-319-1000 MAIL ADDRESS: STREET 1: 6801 MORRISON BOULEVARD STREET 2: MORROCROFT III CITY: CHARLOTTE STATE: NC ZIP: 28211 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: COWELL AARON D JR CENTRAL INDEX KEY: 0001182803 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-24061 FILM NUMBER: 06718495 BUSINESS ADDRESS: BUSINESS PHONE: 704-319-6040 MAIL ADDRESS: STREET 1: 6801 MORRISON BLVD CITY: CHAROLLTE STATE: NC ZIP: 28211 4 1 edgar.xml PRIMARY DOCUMENT X0202 4 2006-03-27 0001054290 US LEC CORP CLEC 0001182803 COWELL AARON D JR 6801 MORRISON BOULEVARD MORROCROFT III CHARLOTTE NC 28211 1 1 0 0 President & CEO Class A Common Stock 55326 D Employee Stock Option (right to buy) 3.41 2006-03-27 4 D 0 75000 D 2016-03-27 Class A Common Stock 75000 0 D Employee Stock Option (right to buy) 4.06 2006-03-27 4 D 0 385000 D 2013-08-01 Class A Common Stock 385000 0 D Employee Stock Option (right to buy) 4.15 2006-03-27 4 D 0 100000 D 2013-09-03 Class A Common Stock 100000 0 D Employee Stock Option (right to buy) 2.08 2006-03-27 4 A 0 560000 A 2016-03-27 Class A Common Stock 560000 560000 D These options were exercisable at various dates in accordance with the option grants made under issuer's 1998 Omnibus Stock Plan. On March 27, 2006 the reporting person agreed to cancellation of an option granted on 6/7/2001 in exchange for a new option with a lower exercise price. On March 27, 2006 the reporting person agreed to cancellation of an option granted on 8/1/2003 in exchange for a new option with a lower exercise price. On March 27, 2006 the reporting person agreed to cancellation of an option granted on 9/3/2003 in exchange for a new option with a lower exercise price. This option was granted in exchange for the options that were canceled as described elsewhere in these footnotes. This option will vest in the following installments: 255,000 on March 27, 2006, 152,500 on March 27, 2007, and 152,500 on March 27, 2008. Aaron D. Cowell 2006-03-29 -----END PRIVACY-ENHANCED MESSAGE-----