STERLING BANCSHARES INC 4
4 · STERLING BANCSHARES INC · Filed Aug 1, 2011
Insider Transaction Report
Form 4
BRIDGWATER J DOWNEY
DirectorPresident and CEO
Transactions
- Award
Sterling Bancshares, Inc. Common Stock, $1.00 par value
2011-07-28$7.73/sh+187,500$1,449,375→ 382,002 total - Disposition to Issuer
Sterling Bancshares, Inc. Common Stock, $1.00 par value
2011-07-28−299,797→ 0 total - Disposition to Issuer
Employee Stock Option
2011-07-28−15,000→ 0 totalExercise: $9.94From: 2008-04-01Exp: 2018-04-01→ Common Stock (15,000 underlying) - Disposition to Issuer
Employee Stock Option
2011-07-28−13,608→ 0 totalExercise: $6.54From: 2009-04-01Exp: 2019-04-01→ Common Stock (13,608 underlying) - Disposition to Issuer
Employee Stock Option
2011-07-28−29,122→ 0 totalExercise: $5.60From: 2010-04-01Exp: 2020-04-01→ Common Stock (29,122 underlying) - Disposition to Issuer
Employee Stock Option
2011-07-28−49,518→ 0 totalExercise: $5.60From: 2010-04-01Exp: 2020-04-01→ Common Stock (49,518 underlying) - Award
Sterling Bancshares, Inc. Common Stock, $1.00 par value
2011-07-28$7.73/sh+20,000$154,600→ 158,732 total - Tax Payment
Sterling Bancshares, Inc. Common Stock, $1.00 par value
2011-07-28$7.73/sh−13,039$100,791→ 362,673 total - Disposition to Issuer
Employee Stock Option
2011-07-28−12,500→ 0 totalExercise: $11.64From: 2007-12-20Exp: 2017-12-20→ Common Stock (12,500 underlying) - Disposition to Issuer
Employee Stock Option
2011-07-28−6,392→ 0 totalExercise: $6.54From: 2009-04-01Exp: 2019-04-01→ Common Stock (6,392 underlying) - Tax Payment
Sterling Bancshares, Inc. Common Stock, $1.00 par value
2011-07-28$7.73/sh−62,876$486,031→ 299,797 total - Award
Sterling Bancshares, Inc. Common Stock, $1.00 par value
2011-07-28$7.73/sh+35,770$276,502→ 194,502 total - Tax Payment
Sterling Bancshares, Inc. Common Stock, $1.00 par value
2011-07-28$7.73/sh−6,290$48,622→ 375,712 total
Footnotes (2)
- [F1]Disposed of pursuant to merger agreement between issuer and Comerica Incorporated ("CMA"). For each share of SBIB common stock, the reporting person received .2365 of a share of CMA common stock having a market value of $32.68 per share on the effective date of the merger.
- [F2]The stock options were assumed by CMA in the merger. Each stock option was converted into the right to purchase .2365 of a share of CMA common stock, with a corresponding adjustment to the exercise price.