X0202 4 2003-02-22 0 0001110507 ESCHELON TELECOM INC ESCH 0001294921 Smith Richard Allen Jr 730 SECOND AVENUE SOUTH SUITE 12001 MINNEAPOLIS MN 55402 0 1 0 0 President & CEO Common Stock 2006-02-21 4 M 0 32256 .68 A 32256 D Common Stock 2006-02-21 4 S 0 32256 12.0643 D 0 D Common Stock 2006-02-22 4 M 0 12389 .68 A 12389 D Common Stock 2006-02-22 4 S 0 12389 12.0209 D 0 D Common Stock 2006-02-23 4 M 0 5355 .68 A 5355 D Common Stock 2006-02-23 4 S 0 5355 11.9343 D 0 D Common Stock Options .68 2006-02-21 4 M 0 32256 .68 D 2003-02-07 2013-02-07 Common 32256 136274 D Common Stock Options .68 2006-02-22 4 M 0 12389 .68 D 2003-02-07 2013-02-07 Common 12389 123885 D Common Stock Options .68 2006-02-23 4 M 0 5355 .68 D 2003-02-07 2013-02-07 Common 5355 118530 D On February 21, 2006, Mr. Smith exercised and sold 32,256 stock options. On February 22, 2006, Mr. Smith exercised and sold 12,389 stock options. On February 23, 2006, Mr. Smith exercised and sold 5,355 stock options. On February 7, 2003, Mr. Smith was granted options to purchase 168,530 shares of common stock - 50,000 shares were exercised and sold, 94,913 shares are fully vested and the remaining 23,617 shares will vest on February 7, 2007. On May 22, 2003, Mr. Smith was granted options to purchase 14,762 shares of common stock - 8,857 are vested and the remaining 5,905 will vest equally on the next two anniversary dates. On May 2, 2004, Mr. Smith was granted options to purchase 11,071 shares of common stock - 4,428 are vested and the remaining 6,643 will vest equally on the next three anniversary dates. On April 1, 2005, Mr. Smith was granted options to purchase 5,536 shares of common stock - 1,107 are vested and the remaining 4,429 will vest equally on the next four anniversary dates. On April 29, 2005, Mr. Smith was granted options to purchase 65,414 shares of common stock - 21,806 are vested and the remaining 43,608 will vest equally on the next two anniversary dates. On August 18, 2005, Mr. Smith was granted options to purchase 25,000 shares of common stock - 5,000 are vested and the remaining 20,000 will vest equally on the next four anniversary dates. /s/ Richard Allen Smith 2006-02-23