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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN 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. | |||
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. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Class D Units of Virgin Mobile USA, LLC (2) | (2) | 10/16/2007 | M(2) | 21 | (3) | (3) | Class A Common Stock | 8,963 | (2) | 0 | D | ||||
Options to Purchase Class D Units (right to buy) (4) | $ 17.45 | 10/16/2007 | M(4) | 1 (4) | (5) | 07/11/2015 | Class A Common Stock | 42,679 | (4) | 0 | D | ||||
Options to Purchase Class A Common Stock (right to buy) (4) | $ 17.45 | 10/16/2007 | M(4) | 42,679 | (5) | 07/11/2015 | Class A Common Stock | 42,679 | (4) | 42,679 | D | ||||
Stock Appreciation Rights (6) | $ 17.45 | 10/16/2007 | M(6) | 1 (6) | (7) | 06/01/2012 | Class A Common Stock | 51,215 | (6) | 0 | D | ||||
Options to Purchase Class A Common Stock(right to buy) (6) | $ 17.45 | 10/16/2007 | M(6) | 51,215 | (7) | 06/01/2012 | Class A Common Stock | 51,215 | (6) | 51,215 | D | ||||
Options to Purchase Class A Common Stock | $ 15 | 10/16/2007 | A | 35,778 | (8) | 10/10/2013 | Class A Common Stock | 35,778 | (3) | 35,778 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Messenger David R.J. 10 INDEPENDENCE BLVD, 2ND FLOOR WARREN, NJ 07059 |
Chief People Officer |
/s/ Nathan Marinoff, Attorney-in-Fact | 10/18/2007 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Represents a grant of 30,000 Restricted Stock Units which vest 50% on October 10, 2008 and 50% on October 10, 2009. |
(2) | Mr. Messenger's 21 restricted Class D Units of Virgin Mobile USA, LLC ("Class D Units") were exchanged for 8,963 restricted shares of Class A Common Stock of Virgin Mobile USA, Inc. ("Class A Common Stock") pursuant to the Reorganization and Purchase Agreement, dated as of October 10, 2007, by and among the Company, Virgin Mobile USA, LLC and other parties thereto (the "Reorganization Agreement"). These restricted shares will vest 25% on May 23, 2008, 25% on May 23, 2009, 25% on May 23, 2010 and 25% on May 23, 2011. |
(3) | Not applicable. |
(4) | Mr. Messenger's options to purchase Class D Units were exchanged for options to purchase shares of Class A Common Stock pursuant to the Reorganization Agreement. |
(5) | These options vested 50% as of July 11, 2007 and will vest 25% on July 11, 2008 amd 25% on July 11, 2009. |
(6) | Mr. Messenger's Stock Appreciation Rights were exchanged for options to purchase shares of Class A Common Stock pursuant to the Reorganization Agreement. |
(7) | These securities vested 25% as of June 1, 2007, will vest 25% on June 1, 2008 25% on June 1, 2009 and 25% on June 1, 2010. |
(8) | These options vest 25% on July 1, 2008, 25% on July 1, 2009, 25% on July 1, 2010 and 25% on July 1, 2011. |