4//SEC Filing
TALMER BANCORP, INC. 4
Accession 0000905729-16-000678
CIK 0001360683operating
Filed
Aug 30, 8:00 PM ET
Accepted
Aug 31, 5:18 PM ET
Size
12.5 KB
Accession
0000905729-16-000678
Insider Transaction Report
Form 4
NAFTALY ROBERT H
Director
Transactions
- Disposition to Issuer
Stock Option (rights to buy)
2016-08-30−12,500→ 12,500 totalExercise: $8.25Exp: 2023-01-02→ Class A Common Stock (12,500 underlying) - Disposition to Issuer
Stock Option (rights to buy)
2016-08-31−25,000→ 0 totalExercise: $6.00Exp: 2020-06-22→ Class A Common Stock (25,000 underlying) - Disposition to Issuer
Class A Common Stock
2016-08-31−53,197→ 0 total - Disposition to Issuer
Stock Option (rights to buy)
2016-08-31−12,500→ 0 totalExercise: $8.25Exp: 2023-01-02→ Class A Common Stock (12,500 underlying)
Footnotes (4)
- [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 $85,647 and total stock consideration of 25,135 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 grant date of January 2, 2013, 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 $14.86 per option.
- [F3]These options, which were fully vested on the January 2, 2013 grant date, were assumed by Chemical in the merger and replaced with an option to purchase 6,349 shares of Chemical common stock for $16.24 per share.
- [F4]These options, which vested in equal installments on the first, second and third anniversaries of the grant date of June 22, 2010, were assumed by Chemical in the merger and replaced with an option to purchase 12,698 shares of Chemical common stock for $11.81 per share.
Documents
Issuer
TALMER BANCORP, INC.
CIK 0001360683
Entity typeoperating
IncorporatedMI
Related Parties
1- filerCIK 0001360683
Filing Metadata
- Form type
- 4
- Filed
- Aug 30, 8:00 PM ET
- Accepted
- Aug 31, 5:18 PM ET
- Size
- 12.5 KB