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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1136655	Arbinet Corp	ARBX	Services-Business Services, Nec (7389)	133930916

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1453252	Canton Holdings, L.l.c.	570 Lexington Ave 40Th Flr New York NY 10022	No	No	Yes	No
1499882	Archer Capital Management, L.p.	570 Lexington Ave 40Th Flr New York NY 10022	No	No	Yes	No
1508116	J Eric Edidin	570 Lexington Ave 40Th Flr New York NY 10022	No	No	Yes	No
1508117	A. Joshua Lobel	570 Lexington Ave 40Th Flr New York NY 10022	No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $0.001 Par Value Per Share	Acquisiton	2011-01-10	1,031	$8.61	666,591	No	4	P	Indirect	See Footnote
Common Stock, $0.001 Par Value Per Share	Acquisiton	2011-01-10	1,801	$8.51	668,392	No	4	P	Indirect	See Footnote
Common Stock, $0.001 Par Value Per Share	Acquisiton	2011-01-11	2,200	$9.57	670,592	No	4	P	Indirect	See Footnote
Common Stock, $0.001 Par Value Per Share	Acquisiton	2011-01-11	21,976	$9.50	692,568	No	4	P	Indirect	See Footnote
Common Stock, $0.001 Par Value Per Share	Acquisiton	2011-01-11	34,724	$9.42	727,292	No	4	P	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, $0.001 Par Value Per Share	22,069	Direct

Footnotes

Mr. Eric J. Edidin directly owns 22,069 shares of common stock, $0.001 par value per share (the "Common Stock"), of Arbinet Corporation and controls the voting and disposition of such Common Stock.
The filing of this Form 4 shall not be construed as an admission that Messrs. Eric J. Edidin and Joshua A. Lobel, as the managers and members of Canton Holdings, L.L.C. ("Canton"), the general partner of Archer Capital Management, L.P. ("ACM"), are or were for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the shares of Common Stock owned by any fund managed by ACM (the "Funds"). Pursuant to Rule 16a-1, Messrs. Edidin and Lobel disclaim beneficial ownership except to the extent of their pecuniary interests in the right to receive profit allocations through the general partner entities of the Funds. This transaction is made by the Funds.
ACM controls the voting and disposition of these shares of Common Stock held by the Funds. Canton reports such Common Stock held indirectly by ACM because, as the general partner of ACM, it controls the disposition and voting such Common Stock. Messrs. Edidin and Lobel report such Common Stock held indirectly by Canton because, as the managers and members of Canton, they ultimately control the disposition and voting of such Common Stock. ACM and Canton do not have any pecuniary interest in the Common Stock because they only receive asset-based fees from the Funds.