UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 205
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): December 3, 2002
Instinet Group Incorporated
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(Exact Name of Registrant as Specified in Charter)
Delaware 000-32717 13-4134098
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(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
3 Times Square, New York, New York 10036
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 212-310-9500
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events and Regulation FD Disclosure.
On December 3, 2002, Instinet Group Incorporated ("Instinet") issued a
press release announcing a cost reduction plan that targets a reduction in
operating costs of $100 million, on an annualized basis, by the end of 2002.
The press release is filed as Exhibit 99.1 hereto and incorporated herein by
reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Number Description
99.1 Press Release of Instinet Group Incorporated issued
December 3, 2002: Instinet Announces $100 Million Cost
Reduction Plan
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereto duly authorized.
INSTINET GROUP INCORPORATED
Registrant
Date: December 3, 2002
By: /s/ John Fay
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John Fay
Chief Financial Officer
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EXHIBIT INDEX
Exhibit Number Description
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99.1 Press Release of Instinet Group Incorporated issued
December 3, 2002: Instinet Announces $100 Million Cost
Reduction Plan
4