WHITNEY HOLDING CORP 4
4 · WHITNEY HOLDING CORP · Filed Jun 7, 2011
Insider Transaction Report
Form 4
LIPPMAN ALFRED S
Director
Transactions
- Disposition to Issuer
stock options
2011-06-04−4,500→ 0 totalExercise: $20.52From: 2002-06-30Exp: 2012-06-29→ Comm stock (4,500 underlying) - Disposition to Issuer
Common stock no par value
2011-06-04−60,233→ 0 total - Disposition to Issuer
Common stock no par value
2011-06-04−52,378→ 0 total - Disposition to Issuer
stock options
2011-06-07−4,500→ 0 totalExercise: $32.62From: 2005-06-30Exp: 2015-06-29→ Comm stock (4,500 underlying) - Disposition to Issuer
stock options
2011-06-04−2,250→ 0 totalExercise: $20.74From: 2002-01-01Exp: 2011-06-30→ Comm stock (2,250 underlying) - Disposition to Issuer
Phantom stock units
2011-06-04−5,445.138→ 0 totalExercise: $0.00→ Comm stock (5,445.138 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to merger agreement between the Company and Hancock Holding Company ("Hancock"). For each share of Company common stock, the reporting person received .418 of a share of Hancock common stock having a market value of $32.04 per share on the effective date of the merger.
- [F2]The stock options were assumed by Hancock in the merger. Each stock option was converted into the right to purchase .418 of a share of Hancock common stock, with a corresponding adjustment to the exercise price.
- [F3]The phantom stock units accrued under the Company's Directors' Compensation Plan and convert on a 1-for-1 basis into shares of Company common stock upon the reporting person's pre-determined payment date after retirement or earlier upon a change in control of the Company.
- [F4]The phantom stock units were assumed by Hancock in the merger. Each phantom stock unit was converted into the right to receive .418 of a share of Hancock common stock payable within 60 days following the merger.