STERLING BANCORP 4
4 · STERLING BANCORP · Filed Jun 19, 2006
Insider Transaction Report
Form 4
Schprechman Joel M
Treasurer-Vice President
Transactions
- Exercise/Conversion
Common Stock
2006-06-19$14.60/sh+1,890$27,594→ 1,890 total - Exercise/Conversion
Incentive Stock Options (right to buy)
2006-06-19−1,890→ 0 totalExercise: $14.60From: 2003-02-06Exp: 2012-02-06→ Common Stock (1,890 underlying)
Holdings
- 3,150
Non-qualified Stock Options
Exercise: $26.94From: 2005-12-19Exp: 2011-03-22→ Common Stock (3,150 underlying) - 3,056(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Options became exercisable in three installments on the first anniversary of the grant, for a term of 10 years from date of grant (first exercisable date listed).
- [F2]On December 15, 2005 the Board of Directors voted to accelerate the vesting and exercisability of any outstanding unvested and unexercisable non-qualified stock options granted to officers on March 22, 2005 effective as of December 19, 2005; provided, however, that transfer of shares acquired by such exercise is restricted until the date that the option would have been exercisable prior to such change. Such restrictions on transfer will expire as to 10% of the grant on the first anniversary of the date of grant, an additional 15% of the grant on the second anniversary of the date of grant, an additional 25% of the grant on the third anniversary of the date of grant and the remaining 50% of the grant on the fourth anniversary of the grant.
- [F3]Includes securities issued as a result of a stock split in the form of a 5% dividend paid by issuer on December 12, 2005; exercise prices have been adjusted accordingly.