TALMER BANCORP, INC. 4
4 · TALMER BANCORP, INC. · Filed Aug 31, 2016
Insider Transaction Report
Form 4
PAPA ALBERT W.
Director
Transactions
- Sale
Class A Common Stock
2015-02-05$13.83/sh−14,138$195,529→ 28,800 total - Disposition to Issuer
Class A Common Stock
2016-08-31−28,800→ 0 total - Disposition to Issuer
Class A Common Stock
2016-08-31−104,458→ 0 total(indirect: By LLC)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.73 to $13.97, inclusive on February 2, 2015. The reporting person undertakes to provide to Talmer Bancorp, Inc., any security holder of Talmer Bancorp, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the numbers of shares sold at each separate price within the ranges set forth in this Form 4.
- [F2]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 $46,368 and total stock consideration of 13,608 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.
- [F3]Disposed of pursuant to an agreement and plan of merger between the issuer and Chemical in exchange for total cash consideration of approximately $168,177 and total stock consideration of 49,356 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.