Arbinet Thexchange Inc - Amended Statement of Beneficial Ownership (SC 13D/A)
March 05 2008 - 5:03PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 7)
*
Arbinetthexchange, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
03875 P100
(CUSIP Number)
Karen Singer
212 Vaccaro Drive
Cresskill, NJ 07626
(201) 750-0415
(Name, Address and Telephone Number
of Person Authorized to Receive Notices
and Communications)
February 28, 2008
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report this
acquisition that is the subject of this Schedule 13D, and is filing this Schedule because of Rule
13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the
following box:
o
*The remainder of this cover page shall be filled out for a reporting persons initial filing
on this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be filed
for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject
to the liabilities of that section of the Act but shall be subject to all other provisions of the
Act.
SCHEDULE 13D
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1
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NAMES OF REPORTING PERSONS
KAREN SINGER
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a)
o
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(b)
o
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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OO
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5
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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o
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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UNITED STATES
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7
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SOLE VOTING POWER
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NUMBER OF
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3,146,574
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SHARES
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8
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SHARED VOTING POWER
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BENEFICIALLY
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OWNED BY
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-0-
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EACH
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9
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SOLE DISPOSITIVE POWER
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REPORTING
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PERSON
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3,146,574
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WITH
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10
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SHARED DISPOSITIVE POWER
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-0-
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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3,146,574
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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o
N/A
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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12.2%
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN
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Amendment No. 7
Introduction
This constitutes Amendment No. 7 to the statement on Schedule 13D, filed on behalf of Karen Singer,
dated March 16, 2007, as amended (the Statement), relating to the common stock (the Common
Stock) of Arbinetthexchange, Inc., a Delaware corporation (the Issuer). Unless specifically
amended or modified hereby, the disclosure set forth in the Statement shall remain unchanged.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of the Statement is hereby amended and restated as follows:
Ms. Singer is the trustee of the Trust, which was created pursuant to Trust Agreement, dated May
29, 1998 (the Trust Agreement). All of the shares of the Issuer reported above were purchased by
funds generated and held by Trust. The aggregate amount of funds used for the purchase of these
shares was approximately $17,437,499.00.
Item 4. Purpose of the Transaction.
Item 4 of the Statement is hereby amended by adding the following at the end thereof:
The purpose of this Amendment is to report that since the filing of Amendment No. 6 to the
Statement, dated January 15, 2008 (
Amendment No. 6
), a material change occurred in the
percentage of Shares beneficially owned by Ms. Singer.
Item 5. Interest in Securities of the Issuer.
Items 5 of the Statement is hereby amended and restated in its entirety as follows:
(a)
Ms. Singer is the beneficial owner of 3,146,574 shares of common stock of the Issuer as
trustee of the Trust, comprising approximately 12.2% of the outstanding shares of common stock of
the Issuer.
(b)
Ms. Singer has sole dispositive and voting power over all of the shares of common stock of
the Issuer reported on this Schedule 13D.
(c)
Ms. Singer has effected the following transactions in shares of common stock of the
Issuer on the open market since the filing of Amendment No. 6:
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No.
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Transaction
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Trade date
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of Shares
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Price/share
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Purchase
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1/18/2008
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250,000
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5.60
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Purchase
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2/28/2008
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88,900
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4.997
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(d)
No person other than Ms. Singer has the right to receive or the power to direct the
receipt of distributions or dividends from, or the proceeds from the transfer of, the Common Units
being reported on this Schedule 13D.
(e)
Not applicable.
SIGNATURES
After reasonable inquiry and to the best of the undersigneds knowledge and belief, the
undersigned hereby certifies that the information set forth in this statement is true, complete and
correct.
Dated:
March 5, 2008
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/s/ Karen Singer
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Karen Singer
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