Filing Details

Accession Number:
0001209191-11-002930
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-01-12 16:10:57
Reporting Period:
2011-01-10
Filing Date:
2011-01-12
Accepted Time:
2011-01-12 16:10:57
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1136655 Arbinet Corp ARBX Services-Business Services, Nec (7389) 133930916
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1453252 Canton Holdings, L.l.c. 570 Lexington Ave
40Th Flr
New York NY 10022
No No Yes No
1499882 Archer Capital Management, L.p. 570 Lexington Ave
40Th Flr
New York NY 10022
No No Yes No
1508116 J Eric Edidin 570 Lexington Ave
40Th Flr
New York NY 10022
No No Yes No
1508117 A. Joshua Lobel 570 Lexington Ave
40Th Flr
New York NY 10022
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, $0.001 Par Value Per Share Acquisiton 2011-01-10 1,031 $8.61 666,591 No 4 P Indirect See Footnote
Common Stock, $0.001 Par Value Per Share Acquisiton 2011-01-10 1,801 $8.51 668,392 No 4 P Indirect See Footnote
Common Stock, $0.001 Par Value Per Share Acquisiton 2011-01-11 2,200 $9.57 670,592 No 4 P Indirect See Footnote
Common Stock, $0.001 Par Value Per Share Acquisiton 2011-01-11 21,976 $9.50 692,568 No 4 P Indirect See Footnote
Common Stock, $0.001 Par Value Per Share Acquisiton 2011-01-11 34,724 $9.42 727,292 No 4 P Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, $0.001 Par Value Per Share 22,069 Direct
Footnotes
  1. Mr. Eric J. Edidin directly owns 22,069 shares of common stock, $0.001 par value per share (the "Common Stock"), of Arbinet Corporation and controls the voting and disposition of such Common Stock.
  2. The filing of this Form 4 shall not be construed as an admission that Messrs. Eric J. Edidin and Joshua A. Lobel, as the managers and members of Canton Holdings, L.L.C. ("Canton"), the general partner of Archer Capital Management, L.P. ("ACM"), are or were for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the shares of Common Stock owned by any fund managed by ACM (the "Funds"). Pursuant to Rule 16a-1, Messrs. Edidin and Lobel disclaim beneficial ownership except to the extent of their pecuniary interests in the right to receive profit allocations through the general partner entities of the Funds. This transaction is made by the Funds.
  3. ACM controls the voting and disposition of these shares of Common Stock held by the Funds. Canton reports such Common Stock held indirectly by ACM because, as the general partner of ACM, it controls the disposition and voting such Common Stock. Messrs. Edidin and Lobel report such Common Stock held indirectly by Canton because, as the managers and members of Canton, they ultimately control the disposition and voting of such Common Stock. ACM and Canton do not have any pecuniary interest in the Common Stock because they only receive asset-based fees from the Funds.