-----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, FgPvIcT5m0IOezlXsgu/gzRqHhOz69afCW188AGET/OWIItZBsOFHY1y0Fuq2jcB v1aoRGWMOYtz5uDlTkiKng== 0001209191-07-015110.txt : 20070302 0001209191-07-015110.hdr.sgml : 20070302 20070302170455 ACCESSION NUMBER: 0001209191-07-015110 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070228 FILED AS OF DATE: 20070302 DATE AS OF CHANGE: 20070302 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HVISDAS JAMES M CENTRAL INDEX KEY: 0001182841 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-24061 FILM NUMBER: 07668618 BUSINESS ADDRESS: BUSINESS PHONE: 704-319-1000 MAIL ADDRESS: STREET 1: 6801 MORRISON BLVD CITY: CHARLOTTE STATE: NC ZIP: 28211 FORMER NAME: FORMER CONFORMED NAME: ILVISDA JAMES DATE OF NAME CHANGE: 20020826 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 4 1 doc4.xml FORM 4 SUBMISSION X0202 4 2007-02-28 1 0001054290 US LEC CORP CLEC 0001182841 HVISDAS JAMES M 6801 MORRISON BOULEVARD MORROCROFT III CHARLOTTE NC 28211 0 1 0 0 Senior VP, Operations Class A Common Stock 2007-02-28 4 D 0 48853 D 0 D Stock Option (right to buy) 2.08 2007-02-28 4 D 0 52500 D 2016-03-27 Class A Common Stock 52500 0 D Stock Option (right to buy) 3.00 2007-02-28 4 D 0 47500 D 2016-05-17 Class A Common Stock 47500 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 48,853 shares of common stock of PAETEC Holding Corp. on the effective date of the merger transaction. This option, which provided for vesting in installments of 50% on March 27, 2006, 25% on March 27, 2007 and 25% on March 27, 2008, 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 52,500 shares of common stock of PAETEC Holding Corp. for $2.08 per share. This option, which provided for vesting in four equal annual installments beginning on May 17, 2007, 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 47,500 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-----