-----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, VcZ0o6T7D41iDNGR9KTjt8o2Q1fsA0DBnSXe8NR3iHmKDivahkKmemcNV+PWOOZ8 B+usiktnVaaa/ePD6AcWgQ== 0001209191-07-015106.txt : 20070302 0001209191-07-015106.hdr.sgml : 20070302 20070302170248 ACCESSION NUMBER: 0001209191-07-015106 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070228 FILED AS OF DATE: 20070302 DATE AS OF CHANGE: 20070302 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: FLAUM DAVID M CENTRAL INDEX KEY: 0001060477 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-24061 FILM NUMBER: 07668600 BUSINESS ADDRESS: STREET 1: 212 SOUTH TRYON STREET STREET 2: SUITE 1540 CITY: CHARLOTTE STATE: NC ZIP: 28281 BUSINESS PHONE: 704-319-6040 MAIL ADDRESS: STREET 1: 6801 MORRISON BLVD CITY: CHARLOTTE STATE: NC ZIP: 28211 4 1 doc4.xml FORM 4 SUBMISSION X0202 4 2007-02-28 1 0001054290 US LEC CORP CLEC 0001060477 FLAUM DAVID M 6801 MORRISON BOULEVARD MORROCROFT III CHARLOTTE NC 28211 1 0 0 0 Class A Common Stock 2007-02-28 4 D 0 180000 D 0 D Stock Option (right to buy) 2.08 2007-02-28 4 D 0 60000 D 2016-03-27 Class A Common Stock 60000 0 D Stock Option (right to buy) 3.00 2007-02-28 4 D 0 5000 D 2016-05-17 Class A Common Stock 5000 0 D Disposed of pursuant to Agreement and Plan of Merger, dated as of August 11, 2006, as amended, among Issuer, PAETEC Corp., PAETEC Holding Corp., WC Acquisition Sub U Corp. and WC Acquisition Sub P Corp. (the "Merger Agreement") in exchange for 180,000 shares of common stock of PAETEC Holding Corp. on the effective date of the merger transaction. This option, which became fully vested in connection with Mr. Flaum's termination of service as a director, was assumed by PAETEC Holding Corp. on the effective date of the merger transaction pursuant to the Merger Agreement and replaced with an option to purchase 60,000 shares of common stock of PAETEC Holding Corp. for $2.08 per share. This option, which was fully vested upon issuance, was assumed by PAETEC Holding Corp. on the effective date of the merger transaction pursuant to the Merger Agreement, and replaced with an option to purchase 5,000 shares of common stock of PAETEC Holding Corp. for $3.00 per share. /s/ Shane S. Turley, Attorney-in-Fact 2007-03-02 -----END PRIVACY-ENHANCED MESSAGE-----