Sec Form 4 Filing - SARRO JAN @ FUSION TELECOMMUNICATIONS INTERNATIONAL INC - 2006-02-09

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
SARRO JAN
2. Issuer Name and Ticker or Trading Symbol
FUSION TELECOMMUNICATIONS INTERNATIONAL INC [ FSNN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP, Marketing and Bus. Dev.
(Last) (First) (Middle)
C/O FUSION TELECOMMUNICATIONS INT, 420 LEXINGTON AVENUE, SUITE #1718
3. Date of Earliest Transaction (MM/DD/YY)
02/09/2006
(Street)
NEW YORK, NY10170
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options $ 3.45 10/17/2014 P 20,000 10/17/2015( 2 ) 10/16/2024 Common Stock 20,000 ( 1 ) $ 0 56,342 ( 4 ) D
Options $ 4.25 07/29/2013 P 18,602 07/29/2014( 2 ) 07/28/2023 Common Stock 18,602 ( 1 ) $ 0 0 D
Options $ 5.5 10/17/2017 P 5,000 10/17/2013( 2 ) 10/16/2022 Common Stock 5,000 ( 1 ) $ 0 0 D
Options $ 4.5 10/19/2011 P 3,500 10/19/2012( 2 ) 10/18/2021 Common Stock 3,500 ( 1 ) $ 0 0 D
Options $ 6 04/14/2010 P 3,000 04/14/2011( 2 ) 04/13/2020 Common Stock 3,000 ( 1 ) $ 0 0 D
Options $ 5.5 03/26/2009 P 2,000 03/26/2010( 2 ) 03/25/2019 Common Stock 2,000 ( 1 ) $ 0 0 D
Options $ 15 03/26/2008 P 2,000 03/26/2009( 2 ) 03/25/2018 Common Stock 2,000 ( 1 ) $ 0 0 D
Options $ 34.5 03/29/2007 P 1,200 03/29/2008( 2 ) 03/28/2017 Common Stock 1,200 ( 1 ) $ 0 0 D
Options $ 123 12/22/2005 P 400 12/22/2006 12/21/2016 Common Stock 400 ( 1 ) $ 0 0 D
Options $ 322.5 02/09/2005 P 400 02/09/2006( 2 ) 02/08/2015 Common Stock 400 ( 1 ) $ 0 0 D
Series A Preferred $ 41.5 05/09/2007 P 10 ( 5 ) ( 5 ) Common Stock 240 ( 1 ) $ 0 0 I See footnote ( 3 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SARRO JAN
C/O FUSION TELECOMMUNICATIONS INT
420 LEXINGTON AVENUE, SUITE #1718
NEW YORK, NY10170
EVP, Marketing and Bus. Dev.
Signatures
/s/ Jan Sarro 06/03/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On May 13, 2014, Fusion completed a 50 for 1 reverse stock split. All numbers reported on this form give effect to that reverse stock split.
( 2 )These options vest on a pro rata basis over 3 years.
( 3 )Ms. Sarro disclaims ownership of these shares that were purchased by her husband.
( 4 )Includes 56,102 shares of common stock issuable upon exercise of options and 240 shares of common stock issuable upon conversion of Series A Preferred.
( 5 )The Series A Preferred are con vertible at the option of the holder. The Series A Preferred do not have a fixed maturity date.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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