4//SEC Filing
LSB FINANCIAL CORP 4
Accession 0000908834-14-000645
CIK 0000930405operating
Filed
Nov 3, 7:00 PM ET
Accepted
Nov 4, 1:25 PM ET
Size
13.2 KB
Accession
0000908834-14-000645
Insider Transaction Report
Form 4
Van Sickel Todd
VP - Director of Operations
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2014-11-01−2,000→ 0 totalExercise: $17.00Exp: 2022-03-19→ Common Stock (2,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2014-11-01−4,725→ 0 totalExercise: $28.87Exp: 2024-02-05→ Common Stock (4,725 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2014-11-01−1,654→ 0 totalExercise: $23.65Exp: 2015-02-28→ Common Stock (1,654 underlying) - Disposition to Issuer
Common Stock
2014-11-01−1,112→ 0 total(indirect: By ESOP)
Footnotes (4)
- [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 number of shares reported as indirectly held by the ESOP reflects allocations as of December 31, 2013, and additional shares could be allocated to the reporting person's account as of the effectiveness of the merger and disposed of in the same manner. 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 28, 2006, were canceled pursuant to a merger agreement between the issuer and Old National Bancorp in exchange for a cash payment of $25,748.89, 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 $44,440.00, 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.
- [F4]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 $48,903.75, 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.
Documents
Issuer
LSB FINANCIAL CORP
CIK 0000930405
Entity typeoperating
IncorporatedIN
Related Parties
1- filerCIK 0000930405
Filing Metadata
- Form type
- 4
- Filed
- Nov 3, 7:00 PM ET
- Accepted
- Nov 4, 1:25 PM ET
- Size
- 13.2 KB