TALMER BANCORP, INC. 4
4 · TALMER BANCORP, INC. · Filed Aug 31, 2016
Insider Transaction Report
Form 4
Granholm Jennifer M
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2016-08-31−8,400→ 0 total - Disposition to Issuer
Stock Option (rights to buy)
2016-08-30−8,750→ 26,250 totalExercise: $14.44Exp: 2024-06-10→ Class A Common Stock (8,750 underlying) - Disposition to Issuer
Stock Option (rights to buy)
2016-08-31−26,250→ 0 totalExercise: $14.44Exp: 2024-06-10→ Class A Common Stock (26,250 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to an agreement and plan of merger between the issuer and Chemical Financial Corporation ("Chemical") in exchange for total cash consideration of approximately $13,524 and total stock consideration of 3,969 shares of Chemical common stock having a market value of $46.22 per share on the effective date of the merger, which represents an exchange ratio of 0.4725 Chemical shares and $1.61 in cash per share of the issuer's Class A common stock.
- [F2]Represents options, which were fully vested on the June 10, 2014 grant date, that were disposed of pursuant to the issuer's tender offer for up to 25% of the issuer's outstanding stock options, pursuant to a Schedule TO filed by the issuer on July 19, 2016, at a price of $8.67 per option.
- [F3]These options, which were fully vested on the June 10, 2014 grant date, were assumed by Chemical in the merger and replaced with an option to purchase 13,332 shares of Chemical common stock for $28.43 per share.