The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $15.58 to $15.70, inclusive. The reporting persons undertake to provide to Lumos Networks Corp. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the range set forth in this footnote.
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, par value $0.01 (the "Common Stock"), of the Issuer 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.
The shares of Common Stock reported herein are held by the Funds. ACM controls the voting and disposition of the 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 of 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.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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