STERLING BANCORP 4
4 · STERLING BANCORP · Filed Jun 20, 2006
Insider Transaction Report
Form 4
HERSHFIELD ALLAN A
Director
Transactions
- Sale
Common Stock
2006-06-16$18.76/sh−14,176$265,942→ 16,671 total
Holdings
- 4,573
Non-qualified stock option (right to buy)
Exercise: $15.82From: 2003-07-31Exp: 2007-07-31→ Common Stock (4,573 underlying) - 9,603
Non-qualified stock option (right to buy)
Exercise: $18.91From: 2003-06-28Exp: 2007-06-28→ Common Stock (9,603 underlying) - 4,725
Non-qualified stock option (right to buy)
Exercise: $17.73From: 2004-06-30Exp: 2008-06-30→ Common Stock (4,725 underlying) - 4,725
Non-qualified Stock Options (right to buy)
Exercise: $20.34From: 2005-12-19Exp: 2010-06-30→ Common Stock (4,725 underlying)
Footnotes (3)
- [F1]Transfer of shares acquired by exercise of non-qualified stock options is restricted to even installments over a four year period commencing on the first anniversary of the grant.
- [F2]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.
- [F3]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 held by non-employee directors, 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.