4//SEC Filing
North Penn Bancorp, Inc. 4
Accession 0000909654-07-002319
CIK 0001309127other
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 12:43 PM ET
Size
13.5 KB
Accession
0000909654-07-002319
Insider Transaction Report
Form 4
Hickman Frederick L
DirectorPresident and CEO
Transactions
- Purchase
Common Stock
2007-10-01$10.00/sh+6,200$62,000→ 11,853 total - Purchase
Common Stock
2007-10-01$10.00/sh+3,800$38,000→ 3,800 total(indirect: By IRA)
Holdings
- 5,302(indirect: By 401(k))
Common Stock
- 1,576(indirect: By ESOP)
Common Stock
- 1,638(indirect: By Stock Award)
Common Stock
- 109(indirect: By Custodian For Daughter)
Common Stock
- 12,012
Stock Option (right to buy)
Exercise: $10.21From: 2007-09-26Exp: 2016-09-26→ Common Stock (12,012 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.
Documents
Issuer
North Penn Bancorp, Inc.
CIK 0001309127
Entity typeother
IncorporatedPA
Related Parties
1- filerCIK 0001309127
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 12:43 PM ET
- Size
- 13.5 KB