4//SEC Filing
WASSON ZACHARIAH LORD 4
Accession 0000891098-11-000028
CIK 0000891098other
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 7:28 PM ET
Size
19.6 KB
Accession
0000891098-11-000028
Insider Transaction Report
Form 4
WASSON ZACHARIAH LORD
Chief Financial Officer
Transactions
- Disposition to Issuer
Sterling Bancshares, Inc. Common Stock; no par value
2011-07-28−61,251→ 0 total - Tax Payment
Sterling Bancshares, Inc. Common Stock; $1.00 par value
2011-07-28$7.73/sh−4,367$33,757→ 61,251 total - Disposition to Issuer
Employee Stock Option
2011-07-28−4,500→ 0 totalExercise: $11.41From: 2007-10-01Exp: 2017-10-01→ Common Stock (4,500 underlying) - Tax Payment
Sterling Bancshares, Inc. Common Stock; $1.00 par value
2011-07-28$7.73/sh−2,359$18,235→ 65,618 total - Disposition to Issuer
Employee Stock Option
2011-07-28−6,000→ 0 totalExercise: $9.94From: 2008-04-01Exp: 2018-04-01→ Common Stock (6,000 underlying) - Award
Sterling Bancshares, Inc. Common Stock; $1.00 par value
2011-07-28$7.73/sh+13,884$107,323→ 67,977 total - Disposition to Issuer
Employee Stock Option
2011-07-28−30,583→ 0 totalExercise: $5.60From: 2010-04-01Exp: 2020-04-01→ Common Stock (30,583 underlying) - Award
Sterling Bancshares, Inc. Common Stock; $1.00 par value
2011-07-28$7.73/sh+7,500$57,975→ 54,093 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)
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.
Documents
Issuer
STERLING BANCSHARES INC
CIK 0000891098
Entity typeother
Related Parties
1- filerCIK 0001197090
Filing Metadata
- Form type
- 4
- Filed
- Jul 31, 8:00 PM ET
- Accepted
- Aug 1, 7:28 PM ET
- Size
- 19.6 KB