Jaggers Travis L 4
4 · STERLING BANCSHARES INC · Filed Aug 1, 2011
Insider Transaction Report
Form 4
Jaggers Travis L
E.V.P. & Chief Lending Officer
Transactions
- Award
Sterling Bancshares, Inc. Common Stock, $1.00 par value
2011-07-28$7.73/sh+10,721$82,873→ 73,417 total - Disposition to Issuer
Employee Stock Option
2011-07-28−2,000→ 0 totalExercise: $11.41From: 2007-10-01Exp: 2017-10-01→ Common Stock (2,000 underlying) - Disposition to Issuer
Sterling Bancshares, Inc. Common Stock, $1.00 par value
2011-07-28−67,686→ 0 total - Tax Payment
Sterling Bancshares, Inc. Common Stock, $1.00 par value
2011-07-28$7.73/sh−2,359$18,235→ 71,058 total - Disposition to Issuer
Employee Stock Option
2011-07-28−8,500→ 0 totalExercise: $9.94From: 2008-04-01Exp: 2018-04-01→ Common Stock (8,500 underlying) - Award
Sterling Bancshares, Inc. Common Stock, $1.00 par value
2011-07-28$7.73/sh+7,500$57,975→ 62,696 total - Tax Payment
Sterling Bancshares, Inc. Common Stock, $1.00 par value
2011-07-28$7.73/sh−3,372$26,066→ 67,686 total - Disposition to Issuer
Employee Stock Option
2011-07-28−7,500→ 0 totalExercise: $6.54From: 2009-04-01Exp: 2019-04-01→ Common Stock (7,500 underlying) - Disposition to Issuer
Employee Stock Option
2011-07-28−23,616→ 0 totalExercise: $5.60From: 2010-04-01Exp: 2020-04-01→ Common Stock (23,616 underlying)
Holdings
- 5,924(indirect: By Spouse)
Sterling Bancshares, Inc. Common Stock, $1.00 par value
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.