WU CHEIN TE 4
4 · GBC BANCORP · Filed Oct 23, 2003
Insider Transaction Report
Form 4
GBC BANCORPGBCB
WU CHEIN TE
Director
Transactions
- Exercise/Conversion
Common Stock
2003-10-17+6,037→ 135,317 total - Exercise/Conversion
Stock Option
2003-10-17$25.88/sh−3,000$77,640→ 0 totalExercise: $25.88From: 2000-01-01Exp: 2008-12-31→ Common Stock (3,000 underlying) - Exercise/Conversion
Stock Option
2003-10-17$31.75/sh−20,000$635,000→ 0 totalExercise: $31.75From: 1999-05-07Exp: 2008-05-06→ Common Stock (20,000 underlying)
Footnotes (4)
- [F1]Represents the number of shares acquired on "cashless" exercise of stock options immediately prior to the merger between GBC Bancorp and Cathay Bancorp, Inc. (the "Merger") in accordance with the formulas provided in the Agreement and Plan of Merger among General Bank, GBC Bancorp, Cathay Bank and Cathay Bancorp, Inc. (the "Merger Agreement").
- [F2]These securities were acquired at various option exercise prices indicated under Column 8 regarding derivative securities on page 2 of this form.
- [F3]By virtue of the Merger, each share beneficially owned by the Reporting Person following the reported transaction was converted to the right to receive the merger consideration (Cathay Bancorp stock and/or cash) in accordance with the terms of the Merger Agreement. The Merger became effective 10/20/03.
- [F4]In addition to the securities beneficially owned directly as reported hereinablve, the Reporting Person also indirectly owned (through an immediate family member) 8132 shares of common stock following the reported transaction.