4//SEC Filing
KAUFMAN JOHN S 4
Accession 0000899243-20-019058
CIK 0001635261other
Filed
Jul 13, 8:00 PM ET
Accepted
Jul 14, 6:30 AM ET
Size
12.9 KB
Accession
0000899243-20-019058
Insider Transaction Report
Form 4
KAUFMAN JOHN S
VP & Chief Financial Officer
Transactions
- Other
Common Stock
2020-07-10−3,243→ 0 total - Other
Common Stock
2020-07-10−438→ 0 total(indirect: By 401(k)) - Other
Common Stock
2020-07-10−1,385→ 0 total(indirect: ESOP) - Disposition to Issuer
Option- Right to Buy
2020-07-10−8,000→ 0 totalExercise: $13.04From: 2017-06-07Exp: 2026-06-06→ Common Stock (8,000 underlying) - Tax Payment
Common Stock
2020-07-10$10.19/sh−401$4,086→ 3,243 total
Footnotes (3)
- [F1]Tax withholding of shares associated with the accelerated vesting of prior restricted stock awards upon a change in control.
- [F2]Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 18, 2019, by and among Kearny Financial Corp. ("KRNY") and MSB Bancorp Inc. ("MSBF"). At the effective time of the Merger on July 10, 2020 (the "Effective Time"), each share of MSBF common stock issued and outstanding immediately prior to such time was converted into the right to receive either $18.00 per share in cash or 1.3 shares of KRNY common stock, subject to an election and allocation procedure whereby a maximum of 10% of such MSBF shares will be exchanged for cash and the balance will be exchanged for KRNY common stock.
- [F3]At the Effective Time, pursuant to the Agreement and Plan of Merger, dated as of December 18, 2019, by and among Kearny Financial Corp. and MSB Bancorp Inc., all stock options were cancelled and the reporting person received a cash payment equal to $18.00 per share minus the applicable exercise price of such stock option multiplied by each stock option held.
Documents
Issuer
MSB FINANCIAL CORP
CIK 0001635261
Entity typeother
Related Parties
1- filerCIK 0001654268
Filing Metadata
- Form type
- 4
- Filed
- Jul 13, 8:00 PM ET
- Accepted
- Jul 14, 6:30 AM ET
- Size
- 12.9 KB