X0303 4 2011-05-31 1 0000742550 XETA TECHNOLOGIES INC XETA 0001477505 Grimshaw Eric 2639 E 33RD PLACE TULSA OK 74105 1 Common Stock 2011-05-31 4 D 0 744 5.50 D 0 D Stock Options (Right to Buy) 2.70 2011-05-31 4 D 0 10000 D 2015-12-01 Common Stock 0 0 D Disposed of pursuant to Agreement and Plan of Merger, dated February 8, 2011, by and among XETA Technologies, Inc., PAETEC Holding Corp. and Hera Corparation; each share has been converted into the right to receive $5.50 per share (the Merger Consideration") Option vested in full on the effective date of the merger May 31, 2011. Each vested option was cancelled and converted into the right to receive a cash per share payment equal to the product of (i) the excess of the Merger Consideration over the applicable exercise price of such option and (ii) the number of shares of the Company's common stock issuable upon exercise of the option less any applicable withholding taxes. Eric Grimshaw 2011-05-31