CHANG EDDIE 4
4 · GBC BANCORP · Filed Oct 24, 2003
Insider Transaction Report
Form 4
GBC BANCORPGBCB
CHANG EDDIE
Senior Vice President
Transactions
- Exercise/Conversion
Common Stock
2003-10-17+512→ 37,752 total - Exercise/Conversion
Stock Option
2003-10-17$27.13/sh−1,200$32,556→ 0 totalExercise: $27.13From: 1998-07-15Exp: 2004-01-14→ Common Stock (1,200 underlying) - Exercise/Conversion
Stock Option
2003-10-17$23.00/sh−1,000$23,000→ 0 totalExercise: $23.00From: 1999-07-21Exp: 2005-01-20→ Common Stock (1,000 underlying)
Footnotes (4)
- [F1]Represents the number of shares acquired on "cashless" exercise of stock options immediatey prior to the merger between GBC Bancorp anad 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 andCathay 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 Agreemetn. The Merger became efective 10/20/03.
- [F4]The number of Derivative Securities benefically owned by the Reporting Person following the reported transactions totaled options to acquire 9800 shares at various exercise prices which will be assumed by Cathay Bancorp, Inc. pursuant to the Merger (with the number of underlying option shares and the per share exercised price adjusted in accordance with the terms of the Merger Agreemetn.)