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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1344907	Global Traffic Network Inc.	GNET	Services-Miscellaneous Business Services (7380)	331117834

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1180094	Gary Benson	P.o. Box 583017 Minneapolis MN 55458		Yes	No	No	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	Disposition	2011-09-08	40,001	$13.95	29,999	No	4	S	Direct
Common Stock	Disposition	2011-09-28	29,999	$0.00	0	No	4	U	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	U	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options (right to buy)	Disposition	2011-09-28	50,000	$0.00	50,000	$5.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2016-03-23	No	4	U	Direct

Footnotes

Includes restricted stock, with restrictions that will lapse as to 6,666 shares on February 26, 2012, as to 6,667 shares on March 3, 2012, and as to 6,666 shares on March 3, 2013, and as to 3,334 shares on March 1, 2012 and as to 3,333 shares on each of March 1, 2013 and March 1, 2014.
Represents unvested shares of restricted stock that were converted into the right to receive $14.00 per share in cash (without interest and less any required withholding taxes), in accordance with the terms and conditions of the Agreement and Plan of Merger, dated August 2, 2011 (the "Merger Agreement"), a copy of which was filed with the SEC on August 3, 2011.
Prior reports included 52,000 shares held by DMB 2009 LLC, a limited liability company. Since neither the Reporting Person, or his spouse are controlling persons of the LLC, the shares held by the LLC are not subject to reporting by the Reporting Person.
Options vest in equal increments over three years beginning on the first anniversary of the date of grant.
These stock options were canceled in exchange for the right to receive a cash payment (without interest and less any required withholding taxes) for each such option equal to the excess of $14.00 over the per-share exercise price of such option multiplied by the number of shares underlying such stock option in accordance with the terms and conditions of the Merger Agreement.