Sec Form 4 Filing - Archer Capital Management, L.P. @ Lumos Networks Corp. - 2016-03-11

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
Archer Capital Management, L.P.
2. Issuer Name and Ticker or Trading Symbol
Lumos Networks Corp. [ LMOS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
See Explanation of Responses
(Last) (First) (Middle)
570 LEXINGTON AVENUE, 40TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
03/11/2016
(Street)
NEW YORK, NY10022
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ 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
Common Stock, $0.01 Par Value ( 1 ) ( 2 ) 03/11/2016 S 100,000 D $ 12.59 565,727 I By Archer Select Mandate Master Fund, L.P. ( 3 )
Common Stock, $0.01 Par Value ( 1 ) ( 2 ) 03/14/2016 S 107,710 D $ 12.468 ( 4 ) 458,017 I By Archer Select Mandate Master Fund, L.P. ( 3 )
Common Stock, $0.01 Par Value ( 1 ) ( 2 ) 03/15/2016 S 35,663 D $ 12.526 ( 5 ) 422,354 I By Archer Select Mandate Master Fund, L.P. ( 3 )
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Archer Capital Management, L.P.
570 LEXINGTON AVENUE
40TH FLOOR
NEW YORK, NY10022
See Explanation of Responses
Edidin Eric J
570 LEXINGTON AVENUE
40TH FLOOR
NEW YORK, NY10022
See Explanation of Responses
Lobel Joshua A.
570 LEXINGTON AVENUE
40TH FLOOR
NEW YORK, NY10022
See Explanation of Responses
Signatures
Archer Capital Management, L.P.; By: /s/ Canton Holdings, L.L.C.; By: /s/ Joshua A. Lobel, Authorized Signatory 03/15/2016
Signature of Reporting Person Date
/s/ Eric J. Edidin 03/15/2016
Signature of Reporting Person Date
/s/ Joshua A. Lobel 03/15/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This Form 4 is filed jointly by Archer Capital Master Fund, L.P. ("Archer Capital"), Archer Partners GP, LLC ("Archer Partners GP"), Archer Crossbow Master Fund, L.P. ("Archer Crossbow"), Archer Crossbow GP, LLC ("Archer Crossbow GP"), Hastings Master Fund, L.P. ("Hastings"), Archer Hastings GP, LLC ("Archer Hastings GP"), Archer Select Mandate Master Fund, L.P ("Archer Select"), Archer Select Mandate GP, LLC ("Archer Select GP"), Canton GP Holdings, LLC ("Canton GP"), Archer Capital Management, L.P. ("Archer"), Canton Holdings, L.L.C. ("Canton"), Joshua A. Lobel, and Eric J. Edidin (collectively, the "Reporting Persons"). As of March 15, 2016, the Reporting Persons ceased to own in the aggregate more than 10% of the Issuer's outstanding shares of Common Stock.
( 2 )To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts amaximum of 10 joint filers per report), this report is the second of two identical reports relating to the same transactions being filed with the Securities and Exchange Commission. Each Reporting Person, as a member of a "group" with the other Reporting Persons for the purposes of Section 13(d)(3) of theSecurities Exchange Act of 1934, as amended, may be deemed the beneficial owner of the Shares directly owned by the other Reporting Persons. EachReporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interesttherein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock forpurposes of Section 16 or for any other purpose.
( 3 )Shares of Common Stock beneficially owned by Archer Select. Archer, as the investment manager of Archer Select, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by Archer Select. Each of Archer Select GP, as the general partner of Archer Select, Canton GP, as a manager of Archer Select GP, and Canton, as the general partner of Archer, and Messrs. Lobel and Edidin, as members and managers of Canton, managers of Canton GP, and managing partners of Archer, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by Archer Select.
( 4 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.403 to $12.605. The Reporting Persons undertake to provide to 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 sold at each separate price within the ranges set forth in footnotes 4 and 5 to this Form 4.
( 5 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.300 to $12.695. The Reporting Persons undertake to provide to 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 sold at each separate price within the ranges set forth in footnotes 4 and 5 to this Form 4.

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