PROVIDENT BANKSHARES CORP 4
4 · PROVIDENT BANKSHARES CORP · Filed May 26, 2009
Insider Transaction Report
Form 4
Peck Dale B
Director
Transactions
- Disposition to Issuer
Common Stock
2009-05-23−7,000→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2009-05-23−7,000→ 0 totalExercise: $37.17From: 2006-09-20Exp: 2016-09-20→ Common Stock (7,000 underlying) - Disposition to Issuer
Common Stock
2009-05-23−2,705→ 0 total(indirect: By Stock Award)
Footnotes (3)
- [F1]Disposed of pursuant to merger agreement between issuer and M&T Bank Corporation in exchange for 1,201 shares of M&T Bank Corporation common stock having a market value of $46.73 per share on the closing date of the merger.
- [F2]Disposed of pursuant to merger agreement between issuer and M&T Bank Corporation in exchange for 464 shares of M&T Bank Corporation common stock having a market value of $46.73 per share on the closing date of the merger.
- [F3]This option, which provided for vesting as follows: 2,500 options vest immediately upon grant, 2,500 options vest on September 20, 2007 and 2,000 options will vest in three approximately equal annual installments commencing on September 20, 2007, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 1,201 shares of M&T Bank Corporation common stock for $216.58 per share.