4//SEC Filing
TALMER BANCORP, INC. 4
Accession 0000905729-16-000681
CIK 0001360683operating
Filed
Aug 30, 8:00 PM ET
Accepted
Aug 31, 5:19 PM ET
Size
9.6 KB
Accession
0000905729-16-000681
Insider Transaction Report
Form 4
WENDT KATHLEEN S.
Chief Accounting Officer
Transactions
- Disposition to Issuer
Class A Common Stock
2016-08-31−32,345→ 30,500 total - Disposition to Issuer
Class A Common Stock
2016-08-31−30,500→ 0 total - Disposition to Issuer
Stock Option (rights to buy)
2016-08-30−27,500→ 0 totalExercise: $7.25Exp: 2021-12-13→ Class A Common Stock (27,500 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 $52,075 and total stock consideration of 15,283 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]In addition, the reporting person held 30,500 shares of unvested restricted stock of the issuer that was assumed by Chemical in the merger and replaced with 15,491 shares of restricted stock of Chemical.
- [F3]Represents options, which vested in equal installments on the first, second and third anniversaries of the grant date of December 13, 2011, 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 $15.86 per option.
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, 5:19 PM ET
- Size
- 9.6 KB