LSB FINANCIAL CORP 4
4 · LSB FINANCIAL CORP · Filed Nov 4, 2014
Insider Transaction Report
Form 4
Byrn Sarah R
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2014-11-01−3,750→ 0 totalExercise: $18.49Exp: 2022-07-23→ Common Stock (3,750 underlying) - Disposition to Issuer
Stock Option (right to buy)
2014-11-01−1,050→ 0 totalExercise: $28.87Exp: 2024-02-05→ Common Stock (1,050 underlying)
Footnotes (2)
- [F1]These options, which provided for vesting in five annual installments of 20% each beginning February 6, 2015, were accelerated and canceled pursuant to a merger agreement between the issuer and Old National Bancorp in exchange for a cash payment of $10,867.50, representing the difference between (i) the option exercise price and (ii) the merger consideration of (a) $10.63 plus (b) $12.60 (average closing price for Old National Bancorp shares under the formula) multiplied by the 2.269 merger share exchange ratio, for each issuer share subject to the option.
- [F2]These options, which provided for vesting in five annual installments of 20% each beginning July 23, 2013, were accelerated and canceled pursuant to a merger agreement between the issuer and Old National Bancorp in exchange for a cash payment of $77,737.50, representing the difference between (i) the option exercise price and (ii) the merger consideration of (a) $10.63 plus (b) $12.60 (average closing price for Old National Bancorp shares under the formula) multiplied by the 2.269 merger share exchange ratio, for each issuer share subject to the option.