SILBERMAN ELI 4
4 · DNB FINANCIAL CORP /PA/ · Filed May 13, 2010
Insider Transaction Report
Form 4
SILBERMAN ELI
Director
Transactions
- Award
DNB Common Stock,$1 par value,stock option
2010-04-23$6.93/sh+1,800$12,474→ 1,800 totalExercise: $6.93From: 2014-04-23Exp: 2017-04-23→ DNB Common Stock,$1 par value (1,800 underlying)
Footnotes (1)
- [F1]Options to purchase common stock under Registrant's 1995 Stock Option Plan with a 7-year term. Grantee first entitled to exercise on the earlier of fourth anniversary of Grant Date,date of death,termination of service, or disability, a change in control, or attainment of the current mandatory retirement age for directors. Rights forfeited on termination of service as a director prior to the first of such events. The Grantee is subject to a two-year holding period at the time of exercise, but may sell shares to pay withholding taxes. The Grantee is also restricted from exercising the options until the market value of the outstanding common shares of the Registrant reaches 115% of the exercise price of $6.93 per share.