4//SEC Filing
Davis John Arthur 4
Accession 0000899243-19-024170
CIK 0000745981other
Filed
Sep 23, 8:00 PM ET
Accepted
Sep 24, 4:35 PM ET
Size
9.1 KB
Accession
0000899243-19-024170
Insider Transaction Report
Form 4
Davis John Arthur
Chief Operating Officer
Transactions
- Disposition to Issuer
Common Stock
2019-09-21−9,100→ 0 total - Disposition to Issuer
Common Stock
2019-09-21−702→ 0 total - Disposition to Issuer
Common Stock
2019-09-21−2,667→ 0 total
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger, dated April 30, 2019, by and between MidSouth Bancorp, Inc. ("MidSouth") and Hancock Whitney Corporation ("Hancock Whitney"), MidSouth merged with and into Hancock Whitney with Hancock Whitney as the surviving corporation (the "Merger"). At 12:01 a.m. on September 21, 2019, the effective time of the Merger (the "Effective Time"), each share of common stock, par value $0.10 per share, of MidSouth ("MidSouth Common Stock") issued and outstanding immediately prior to the Effective Time (except for certain cancelled shares) was converted into the right to receive, without interest, 0.2952 shares of the common stock, par value $3.33 per share, of Hancock Whitney (such shares, the "Merger Consideration").
- [F2]At the Effective Time, this award of restricted shares of MidSouth Common Stock, which provided for vesting 33% on each of the first and second anniversaries of the grant date with the remaining 34% vesting on the third anniversary of the grand date, fully vested and was cancelled and converted into the right to receive the Merger Consideration per share being so cancelled and converted.
- [F3]At the Effective Time, this restricted stock unit grant was deemed to have satisfied its performance-based vesting conditions at target level, cancelled and converted into the right receive the Merger Consideration per share of MidSouth Common Stock subject to the restricted stock unit being so cancelled and converted.
Documents
Issuer
MIDSOUTH BANCORP INC
CIK 0000745981
Entity typeother
Related Parties
1- filerCIK 0001749430
Filing Metadata
- Form type
- 4
- Filed
- Sep 23, 8:00 PM ET
- Accepted
- Sep 24, 4:35 PM ET
- Size
- 9.1 KB