Cowell Elizabeth L 4
4 · WHITNEY HOLDING CORP · Filed Jun 7, 2011
Insider Transaction Report
Form 4
Cowell Elizabeth L
Executive Vice President
Transactions
- Disposition to Issuer
Common stock no par value
2011-06-04−2,500→ 0 total - Disposition to Issuer
Restricted stock units
2011-06-04−7,500→ 0 total→ Comm stock (7,500 underlying) - Disposition to Issuer
Restricted stock units
2011-06-04−8,000→ 0 total→ Comm stock (8,000 underlying)
Footnotes (3)
- [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 restricted stock units vest (become non-forfeitable) on the third anniversary of the grant date or earlier upon a change in control of the Company. Vested restricted stock units convert to shares of common stock on a 1-for-1 basis on the later of (i) within 30 days following the vesting date or (ii) the earliest permissible date such units may convert to shares of common stock as a result of the Company's receipt of financial assistance under the Department of the Treasury's Troubled Asset Relief Program.
- [F3]The restricted stock units were assumed by Hancock in the Merger. Each restricted stock unit was converted into the right to receive .418 of a share of Hancock common stock, payable within 60 days following the merger.