North Penn Bancorp, Inc. 4
4 · North Penn Bancorp, Inc. · Filed Oct 2, 2007
Insider Transaction Report
Form 4
DZIAK THOMAS J
Executive Vice President
Transactions
- Purchase
Common Stock
2007-10-01$10.00/sh+550$5,500→ 550 total(indirect: By Children)
Holdings
- 909(indirect: By ESOP)
Common Stock
- 1,365(indirect: By Stock Award)
Common Stock
- 7,644
Stock Option (right to buy)
Exercise: $10.21From: 2007-09-26Exp: 2016-09-26→ Common Stock (7,644 underlying)
Footnotes (4)
- [F1]On October 1, 2007, North Penn Bancorp, Inc. completed its conversion and each share of North Penn Bancorp, Inc. common stock outstanding as of October 1, 2007, was exchanged for 1.092 shares of common stock of North Penn Bancorp, Inc. (formerly New North Penn Bancorp, Inc.), a new corporation, with fractional shares cashed out at the offering price of $10.00 per share. This transaction is exempt pursuant to Rule 16b-7.
- [F2]The award vests over a five year period.
- [F3]On October 1, 2007, North Penn Bancorp, Inc. completed its conversion and each stock option of North Penn Bancorp, Inc. outstanding as of October 1, 2007, was converted into a stock option to purchase common stock of North Penn Bancorp, Inc. (formerly New North Penn Bancorp, Inc.), a new corporation, with the conversion ratio and exercise price being adjusted according to the exchange ratio of 1.092. This transaction is exempt pursuant to Rule 16b-7.
- [F4]The stock options vest in five annual installments beginning on September 26, 2007.