LSB FINANCIAL CORP 4
4 · LSB FINANCIAL CORP · Filed Nov 4, 2014
Insider Transaction Report
Form 4
KEMMER PHILIP W
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2014-11-01−300→ 0 totalExercise: $17.00Exp: 2022-03-19→ Common Stock (300 underlying) - Disposition to Issuer
Common Stock
2014-11-01−3,861→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2014-11-01−2,450→ 0 totalExercise: $28.87Exp: 2024-02-05→ Common Stock (2,450 underlying)
Footnotes (3)
- [F1]These issuer shares were disposed of pursuant to a merger agreement between the issuer and Old National Bancorp in exchange for (i) $10.63 in cash per issuer share; and (ii) 2.269 common shares of Old National Bancorp per issuer share. The market value per common share of Old National Bancorp on the effective date of the merger was $14.55.
- [F2]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 $25,357.50, 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.
- [F3]These options, which provided for vesting in five annual installments of 20% each beginning March 19, 2013, were accelerated and canceled pursuant to a merger agreement between the issuer and Old National Bancorp in exchange for a cash payment of $6,666.00, 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.