Hartmann Richard J 4
4 · DNB FINANCIAL CORP /PA/ · Filed May 12, 2010
Insider Transaction Report
Form 4
Hartmann Richard J
EVP Retail
Transactions
- Award
DNB Common Stock,$1 par value,stock option
2010-04-23$6.93/sh+1,000$6,930→ 3,152 totalExercise: $6.93From: 2014-04-23Exp: 2017-04-23→ DNB Common Stock, $1 par value (1,000 underlying)
Footnotes (1)
- [F1]Options to purchase common stock under DNB 1995 Stock Option Plan.Options have a 7 year term.Grantee first entitled to exercise on the earlier of 4 years from the Grant Date,death,termination of employment on account of disability,a change in control,or retirement at or after age 65.If Grantee's employment terminates prior to the vesting date,Grantee shall forfeit all rights under it.Grantee is subject to a 2 year holding period at the time of exercise, but may sell shares to pay withholding taxes. Grantee may not exercise the options until the market value of the outstanding common shares of the Registrant reaches 115% of the exercise price.Grantee's entitlement to Award Shares shall be subject to the further conditions pursuant to Section 111(b)(3)(D) of EESA. During any period that the Grantee is subject to applicable limits on executive compensation under TARP, the Grantee's rights under the award agreement are only enforceable to the extent permitted under TARP.