Schwertz Joseph S Jr 4
4 · WHITNEY HOLDING CORP · Filed Jun 7, 2011
Insider Transaction Report
Form 4
Schwertz Joseph S Jr
Corporate SecretaryOther
Transactions
- Disposition to Issuer
Common stock no par value
2011-06-04−10→ 0 total(indirect: Shares held by Joseph M. Schwertz (major son, sharing household)) - Disposition to Issuer
Restricted stock units
2011-06-04−5,000→ 0 total→ Comm stock (5,000 underlying) - Disposition to Issuer
Common stock no par value
2011-06-04−6,954→ 0 total - Disposition to Issuer
Incentive opt
2011-06-04−2,500→ 0 totalExercise: $31.59From: 2005-12-15Exp: 2015-06-14→ Comm stock (2,500 underlying) - Disposition to Issuer
Nonqual opt
2011-06-04−2,750→ 0 totalExercise: $28.76From: 2010-07-10Exp: 2017-07-10→ Comm stock (2,750 underlying) - Disposition to Issuer
Incentive opt
2011-06-04−3,375→ 0 totalExercise: $18.58From: 2001-12-13Exp: 2011-06-12→ Comm stock (3,375 underlying) - Disposition to Issuer
Restricted stock units
2011-06-04−8,000→ 0 total→ Comm stock (8,000 underlying) - Disposition to Issuer
Common stock no par value
2011-06-04−6,670→ 0 total - Disposition to Issuer
Nonqual opt
2011-06-04−285→ 0 totalExercise: $28.86From: 2004-12-16Exp: 2014-06-15→ Comm stock (285 underlying) - Disposition to Issuer
Nonqual opt
2011-06-04−2,500→ 0 totalExercise: $35.41From: 2009-06-28Exp: 2016-06-28→ Comm stock (2,500 underlying) - Disposition to Issuer
Incentive opt
2011-06-04−3,465→ 0 totalExercise: $28.86From: 2004-12-16Exp: 2014-06-15→ Comm stock (3,465 underlying) - Disposition to Issuer
Nonqual opt
2011-06-04−3,740→ 0 totalExercise: $18.77From: 2011-06-23Exp: 2018-06-23→ Comm stock (3,740 underlying) - Disposition to Issuer
Common stock no par value
2011-06-04−879→ 0 total(indirect: By Spouse)
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 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.
- [F4]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.