GORNEY JON L 4

Accession 0000069970-09-000016

CIK 0000069970other

View on SEC.gov Company Profile

Filed

Jan 5, 7:00 PM ET

Accepted

Jan 6, 2:07 PM ET

Size

49.7 KB

Accession

0000069970-09-000016

Insider Transaction Report

Form 4

Period: 2008-12-31

NATIONAL CITY CORPNCC

GORNEY JON L

Executive Vice President

Transactions

Other
Options (Right to Buy)
2008-12-31−1,510→ 0 total
Exercise: $33.09From: 2004-07-08Exp: 2012-07-23→ Common Stock (1,510 underlying)
Other
Options (Right to Buy)
2008-12-31−27,141→ 0 total
Exercise: $33.09From: 2004-07-08Exp: 2012-07-23→ Common Stock (27,141 underlying)
Other
Option (Right to Buy)
2008-12-31−3,224→ 0 total
Exercise: $31.00From: 2002-07-24Exp: 2011-07-24→ Common Stock (3,224 underlying)
Other
Common Stock
2008-12-31−341,004.74→ 0 total
Other
Option (Right to Buy)
2008-12-31−20,000→ 0 total
Exercise: $36.61From: 2007-11-29Exp: 2016-11-29→ Common Stock (20,000 underlying)
Other
Options (Right to Buy)
2008-12-31−70,000→ 0 total
Exercise: $33.83From: 2004-07-29Exp: 2013-07-29→ Common Stock (70,000 underlying)
Other
Restricted Stock Units
2008-12-31−27,950→ 0 total
→ Common Stock (27,950 underlying)
Other
Option (Right to Buy)
2008-12-31−120,000→ 0 total
Exercise: $20.37From: 2008-11-19Exp: 2017-11-19→ Common Stock (120,000 underlying)
Other
Common Stock
2008-12-31+138,437→ 341,004.74 total
Other
Option (Right to Buy)
2008-12-31−35,919→ 0 total
Exercise: $32.93From: 2002-12-20Exp: 2010-06-20→ Common Stock (35,919 underlying)
Other
Option (Right to Buy)
2008-12-31−61,776→ 0 total
Exercise: $31.00From: 2002-07-24Exp: 2011-07-24→ Common Stock (61,776 underlying)
Other
Common Stock
2008-12-31−22,789.46→ 0 total(indirect: By 401(k))
Other
Restricted Stock
2008-12-31−110,487→ 0 total
Other
Options (Right to Buy)
2008-12-31−20,000→ 0 total
Exercise: $36.03From: 2006-08-31Exp: 2015-08-31→ Common Stock (20,000 underlying)
Other
Options (Right to Buy)
2008-12-31−3,020→ 0 total
Exercise: $33.09From: 2004-07-08Exp: 2009-08-10→ Common Stock (3,020 underlying)
Other
Common Stock
2008-12-31+3,079.6→ 22,789.46 total(indirect: By 401(k))
Other
Option (Right to Buy)
2008-12-31−161,939→ 0 total
Exercise: $5.05From: 2009-08-05Exp: 2018-08-05→ Common Stock (161,939 underlying)
Other
Options (Right to Buy)
2008-12-31−38,797→ 0 total
Exercise: $33.09From: 2004-07-08Exp: 2009-08-10→ Common Stock (38,797 underlying)
Other
Options (Right to Buy)
2008-12-31−26,421→ 0 total
Exercise: $37.53From: 2005-02-25Exp: 2012-07-23→ Common Stock (26,421 underlying)
Other
Option (Right to Buy)
2008-12-31−34,782→ 0 total
Exercise: $29.90From: 2001-12-21Exp: 2010-06-20→ Common Stock (34,782 underlying)

Footnotes (7)

[F1]Pursuant to the National City Corporation Long-Term Cash and Equity Incentive Plan and the restricted stock award agreement applicable to this grant, the restrictions on the restricted stock lapsed.
[F2]On December 31, 2008 National City Corporation was merged into PNC. Pursuant to the Agreement between The PNC Financial Services Group, Inc. (PNC) and National City Corporation (NCC) each share of common stock of NCC issued and outstanding immediately prior to the effective time of the merger was converted into the right to receive 0.0392 of a share of common stock of PNC.
[F3]The securities shown are allocations of the Reporting Person's interest in the National City Corporation Stock Fund, one of the investment funds of the National City Savings and Investment Plan. The Fund is comprised solely of National City Corporation Common Stock and cash. Participants in the Fund have an undivided interest in all the assets of the Fund, expressed as a percentage of the Fund.
[F4]Interest was acquired at the then market value for National City Common Stock.
[F5]On December 31, 2008 National City Corporation was merged into PNC. Pursuant to the Agreement between The PNC Financial Services Group, Inc. (PNC) and National City Corporation (NCC) each unexercised option to purchase shares of NCC common stock was converted into options to purchase PNC common stock. The number of PNC options granted was equal to the number of shares of NCC common stock that were purchaseable under the NCC stock option times 0.0392. The per share exercise price of PNC options is the per share exercise price of the NCC stock option divided by 0.0392.
[F6]These stock options were granted pursuant to the National City Corporation Long-Term Cash and Equity Incentive Plan. Twenty-five percent of the options become exercisable on each of the first four anniversaries of the grant date.
[F7]The award consists of restricted stock units granted pursuant to the National City Corporation Long-Term Cash and Equity Incentive Plan and will vest at the end of the period of restriction applicable to such award. Each restricted stock unit represents the right to receive one share of National City Corporation common stock.

Documents

1 file

4
gor1525.xmlPrimary

Issuer

NATIONAL CITY CORP

CIK 0000069970

→

Entity typeother

Related Parties

filerCIK 0001183307

Filing Metadata

Form type: 4
Filed: Jan 5, 7:00 PM ET
Accepted: Jan 6, 2:07 PM ET
Size: 49.7 KB

View on SEC.gov