4//SEC Filing
LIU TING Y 4
Accession 0000351710-03-000056
CIK 0000351710other
Filed
Oct 23, 8:00 PM ET
Accepted
Oct 24, 7:53 PM ET
Size
10.8 KB
Accession
0000351710-03-000056
Insider Transaction Report
Form 4
GBC BANCORPGBCB
LIU TING Y
Director
Transactions
- 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) - Exercise/Conversion
Common Stock
2003-10-17+3,308→ 3,308 total
Footnotes (5)
- [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 indicataed 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 hereinabove, the Reporting Person also indirectly owned (through affiliated entities, such as Family Charitable Foundation, Family Trust, etc.) 370,768 shares of common stock following the reported transaction.
- [F5]The number of Derivative Securities beneficially owned by the Reporting Person following the reported transactions totaled options to acquire 12,000 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 Agreement).
Documents
Issuer
GBC BANCORP
CIK 0000351710
Entity typeother
Related Parties
1- filerCIK 0001186009
Filing Metadata
- Form type
- 4
- Filed
- Oct 23, 8:00 PM ET
- Accepted
- Oct 24, 7:53 PM ET
- Size
- 10.8 KB