UNITED BANCORP INC /MI/ 4
4 · UNITED BANCORP INC /MI/ · Filed Aug 1, 2014
Insider Transaction Report
Form 4
ANDREWS KAREN F
Director
Transactions
- Other
Deferred Stock Units
2014-07-31−445→ 0 total→ Common Stock (445 underlying)
Footnotes (2)
- [F1]Each deferred stock unit is the economic equivalent of one share of common stock of United Bancorp, Inc.
- [F2]Pursuant to the Agreement and Plan of Merger, dated as of January 7, 2014 (the "Merger Agreement"), by and between United Bancorp, Inc. and Old National Bancorp ("Old National"), each deferred stock unit held by the reporting person was converted into the number of shares of Old National common stock determined pursuant to the converted stock-based award ratio set forth in the Merger Agreement. The shares of common stock of Old National had a market value of $13.65 per share as of the close of trading on NASDAQ on July 30, 2014, the trading day immediately preceding the effective time of the Merger.