X0306 4 2017-02-27 0 0001102541 EarthLink Holdings, LLC ELNK 0001623397 Alterman Louis M 1170 PEACHTREE STREET NE, SUITE 900 ATLANTA GA 30309 0 1 0 0 Chief Financial Officer Common Stock 2017-02-27 4 D 0 127358 D 0 D Restricted Stock Units 2017-02-27 4 D 0 215530 A Common Stock 215530 0 D Stock Options 2017-02-27 4 D 0 71785 A Common Stock 71785 0 D Disposition pursuant to the Agreement and Plan of Merger, dated as of November 5, 2016 (the "Merger Agreement"), by and among EarthLink, Windstream Holdings Corp. ("Windstream"), Europa Merger Sub, Inc. ("Merger Sub 1") and Europa Merger Sub, LLC ("Merger Sub 2") whereby Merger Sub 1 merged with and into EarthLink with EarthLink surviving as an indirect, wholly-owned subsidiary of Windstream (the "Merger") and, immediately thereafter, EarthLink merged with and into Merger Sub 2, with Merger Sub 2 surviving as an indirect, wholly-owned subsidiary of Windstream with the Merger being a transaction exempt under Rule 16b-3(e). Upon completion of the Merger, each outstanding share of EarthLink common stock was converted into 0.818 shares of Windstream common stock and each outstanding restricted stock unit of EarthLink was assumed by Windstream and converted into 0.818 restricted stock units of Windstream. At the effective time of the Merger, each outstanding option to purchase EarthLink common stock was cancelled and converted into the right to receive shares of Windstream common stock, determined by a ratio set forth in the Merger Agreement. /s/ Louis M. Alterman 2017-02-27