TRUITT DAVID J 4
4 · WEST COAST BANCORP /NEW/OR/ · Filed Mar 11, 2010
Insider Transaction Report
Form 4
TRUITT DAVID J
Director
Transactions
- Exercise of In-Money
Common Stock
2010-03-09$2.00/sh+1,573$3,146→ 8,491 total - Exercise of In-Money
Phantom Stock
2010-03-09+9,793→ 39,122.132 total→ Common Stock (9,793 underlying)
Footnotes (4)
- [F1]These shares of common stock and phantom stock were purchased upon the exercise of over-subscription rights available to holders of West Coast Bancorp's common stock who fully exercised basic subscription rights issued pro rata to holders 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]March 9, 2010 is the date on which the calculation of over-subscription shares was completed.
- [F3]Converts to common stock on a 1 for 1 basis.
- [F4]Phantom units may be settled for either cash or West Coast Bancorp's common stock at termination of director status or upon the date or dates designated by the reporting person.