X0202 4 2006-12-15 0 0001110507 ESCHELON TELECOM INC ESCH 0001294921 Smith Richard Allen Jr 730 SECOND AVENUE SOUTH SUITE 900 MINNEAPOLIS MN 55402 0 1 0 0 President and CEO Common Stock 2006-12-15 4 M 0 2500 .68 A 102500 D Common Stock 2006-12-15 4 S 0 2500 19.00 D 100000 D Common Stock 2006-12-18 4 M 0 7576 .68 A 107576 D Common Stock 2006-12-18 4 S 0 7576 19.0127 D 100000 D Common Stock Options 0.68 2006-12-15 4 M 0 239 0.68 D 2003-02-07 2013-02-07 Common Stock 239 15263 D Common Stock Options 0.68 2006-12-15 4 M 0 2261 0.68 D 2003-05-22 2013-05-22 Common Stock 2261 10780 D Common Stock Options .68 2006-12-18 4 M 0 7576 .68 D 2003-05-22 2013-05-22 Common Stock 7576 3204 D Transaction takes place under the restrictions of a 10b5-1 trading plan. A 10b5-1 plan enables an insider to establish a program to make transactions according to an advance plan. Such a program allows an insider to continue with planned transactions even if he comes into possession of material non-public information. On December 15, 2006, Mr. Smith exercised and sold 2,500 common stock options. On February 7, 2003, Mr. Smith was granted options to purchase 168,530 shares of common stock - 239 were exercised and sold in these transactions, 153,028 shares were exercised and sold in previous transactions, 12 are vested and the remaining 15,251 shares will vest on February 7, 2007. On May 22, 2003, Mr. Smith was granted options to purchase 14,762 shares of common stock - 9,837 were exercised and sold in these transactions, 1,721 were exercised and sold in previous transactions, 251 are vested and the remaining 2,953 will vest on May 22, 2007. On May 20, 2004, Mr. Smith was granted options to purchase 11,071 shares of common stock - 6,642 are vested and the remaining 4,429 will vest equally on the next two anniversary dates. On April 1, 2005, Mr. Smith was granted options to purchase 5,536 shares of common stock - 2,214 are vested and the remaining 3,322 will vest equally on the next three anniversary dates. On April 29, 2005, Mr. Smith was granted options to purchase 65,414 shares of common stock - 43,610 are vested and the remaining 21,804 will vest on April 29, 2007. On August 18, 2005, Mr. Smith was granted options to purchase 25,000 shares of common stock - 10,000 are vested and the remaining 15,000 will vest equally on the next three anniversary dates. On June 9, 2006, Mr. Smith received 100,000 shares of common stock. This common stock will vest equally over the next five anniversary dates beginning on June 9, 2007. On December 18, 2006, Mr. Smith exercised and sold 7,576 common stock options. /s/ Michael A. Donahue, attorney-in-fact for Richard Allen Smith 2006-12-18