4//SEC Filing
FIFTH THIRD BANCORP 4
Accession 0000035527-05-000080
$FITBICIK 0000035527operating
Filed
May 25, 8:00 PM ET
Accepted
May 26, 4:26 PM ET
Size
19.5 KB
Accession
0000035527-05-000080
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Option to Purchase
2005-05-24−27,230→ 0 totalExercise: $15.63From: 1996-07-18Exp: 2006-07-18→ Common Stock (27,230 underlying) - Sale
Common Stock
2005-05-24$42.67/sh−11,877$506,792→ 131,869 total - Exercise/Conversion
Common Stock
2005-05-24$15.63/sh+27,230$425,597→ 143,746 total - Exercise/Conversion
Common Stock
2005-05-24$11.06/sh+7,120$78,759→ 116,516 total - Exercise/Conversion
Option to Purchase
2005-05-24−7,120→ 27,230 totalExercise: $11.06From: 1995-06-20Exp: 2005-06-20→ Common Stock (7,120 underlying) - Tax Payment
Common Stock
2005-05-24$42.76/sh−6,753$288,758→ 125,116 total - Other
Contract
2005-05-24+1→ 1 total→ Common Stock (81,825 underlying)
Holdings
- 2,211.759(indirect: By 401(k))
Common Stock
Footnotes (6)
- [F1]Indicates grant date. Options are exercisable as follows: 25% on grant date; 50% one year from grant; 75% two years from grant; and 100% three years from grant
- [F2]Issued pursuant to Fifth Third Bancorp stock option plan. No consideration paid.
- [F3]Includes total number of unexercised option grants previously reported.
- [F4]On May 24, 2005 (the "Trade Date"), the reporting person entered into a variable prepaid forward contract ("VPF Agreement") with an unrelated third party (the "Buyer") relating to 81,825 shares of Common Stock. Under the VPF Agreement, the reporting person has agreed to sell the shares in accordance with footnotes 5 and 6 below. The transaction will be settled in one tranche on May 29, 2008. The reporting person will receive a prepayment from the Buyer in the amount of $2,557,773.81 within 3 business days of the Trade Date. Such proceeds are to be used for tax planning and estate planning purposes.
- [F5]On the settlement date, the reporting person, unless he has elected cash settlement as described in the following sentence, will deliver a number of shares of Common Stock. In lieu of delivering shares, the reporting person may elect cash settlement. The number of shares to be delivered is determined as outlined in footnote 6 below.
- [F6]If the "Final Price" (a market-based price as determined under the terms of the PVF Agreement) is less or equal to the Floor Price, the reporting person shall deliver 81,825 shares; if the Final Price is greater than the Floor Price but less than the Cap Price, the Trust shall deliver that number of shares equal to 81,825 multiplied by (x) the Floor Price, divided by (y) the Final Price, and if the Final Price is greater than or equal to the Cap Price, the reporting person shall deliver that number of shares equal to 81,825 multiplied by (x) the sum of (i) the Floor Price (expressed as an amount) and (ii) the product of (a) one and (b) any amount by which the Final Price exceeds the Cap Price (expressed as an amount), divided by (y) the Final Price. This transaction has a Floor Price of $38.565 and a Cap Price of $57.8475.
Documents
Issuer
FIFTH THIRD BANCORP
CIK 0000035527
Entity typeoperating
IncorporatedOH
Related Parties
1- filerCIK 0000035527
Filing Metadata
- Form type
- 4
- Filed
- May 25, 8:00 PM ET
- Accepted
- May 26, 4:26 PM ET
- Size
- 19.5 KB