BRAGG MICHAEL 4
4 · WEST COAST BANCORP /NEW/OR/ · Filed Mar 3, 2010
Insider Transaction Report
Form 4
BRAGG MICHAEL
Director
Transactions
- Exercise of In-Money
Common Stock
2010-03-01$2.00/sh+2,220$4,440→ 15,623 total - Exercise of In-Money
Subscription Rights (right to buy)
2010-03-01−2,220→ 0 totalExercise: $2.00From: 2010-01-19Exp: 2010-03-01→ Common Stock (2,220 underlying) - Award
Phantom Stock
2010-03-01$2.71/sh+104.236$282→ 3,374.219 total→ Common Stock (104.236 underlying)
Holdings
- 14,481(indirect: By 401(k))
Common Stock
- 1,604(indirect: By Spouse)
Common Stock
Footnotes (4)
- [F1]These shares of common stock were purchased upon the exercise of basic subscription rights ("Subscription Rights"), issued pro rata to holders of West Coast Bancorp's common stock as of the close of business on January 19, 2010, to purchase shares of West Coast Bancorp's common stock at a subscription price of $2.00 per share.
- [F2]Phantom stock units were acquired under West Coast Bancorp's Directors Deferred Compensation Plan.
- [F3]Converts to common stock on a 1 for 1 basis.
- [F4]Phantom units may be settled for either cash or West Coast Bancorp Common stock at termination of director status or upon date or dates designated by reporting person