INTERRENT REIT TRUST 8-K 2007
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
August 3, 2007
Internap Network Services Corporation
(Exact name of registrant as specified in its charter)
Registrant’s telephone number, including area code: (404) 302-9700
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Item 8.01. Other Events.
On August 3, 2007, Dr. Eugene Eidenberg, the Chairman of the Board of Directors of Internap Network Services Corporation (“Internap”), exercised 40,000 options, which were due to expire in March of 2008, at an exercise price of $0.30 per share (the “Options”). Dr. Eidenberg then transferred the resulting shares of Internap common stock (the “Option Shares”) to a grantor retained annuity trust (the “GRAT”) of which he is the trustee. Dr. Eidenberg also transferred 45,791 shares of Internap common stock (the “Shares”) to the GRAT. Dr. Eidenberg created the GRAT and transferred the Option Shares and the Shares as part of his overall estate plan. Dr. Eidenberg filed a Form 4 with the Securities and Exchange Commission on August 3, 2007 to reflect the exercise of the Options.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.