Item 8.01. Other Events
On August 22, 2012, Marc P. Lefar, Chief Executive Officer of Vonage Holdings
Corp. (the "Company"), adopted a pre-arranged stock trading plan in accordance
with Rule 10b5-1 of the Securities Exchange Act of 1934 and the Company's
securities trading compliance policy.
The plan was initiated in connection with a long-term strategy for asset
diversification and family financial planning. Mr. Lefar holds vested and
unvested options and restricted stock units representing a total of
approximately 12.6 million shares. The plan provides for the sale of up to three
million shares acquired through the exercise of stock options, over a period
between September 11, 2012 and August 7, 2013. Subject to minimum price
thresholds, shares will be sold under the plan on the open market at prevailing
market prices. Assuming that all of the contemplated options are exercised and
the underlying shares sold under the plan, Mr. Lefar would remain well above the
stock ownership thresholds established by the Company's Board of Directors.
Transactions under the plan will be disclosed publicly through Form 4s filed
with the Securities and Exchange Commission.