4//SEC Filing
PORT FINANCIAL CORP 4
Accession 0000910647-03-000284
CIK 0001099517operating
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 7:58 AM ET
Size
9.3 KB
Accession
0000910647-03-000284
Insider Transaction Report
Form 4
SUCHER SANDRA J
Director
Transactions
- Disposition to Issuer
Common Stock
2003-07-31$54.00/sh−1,488$80,352→ 0 total(indirect: see note) - Disposition to Issuer
Stock Option (Right to Buy)
2003-07-31−20,300→ 0 totalExercise: $15.88From: 2003-07-01Exp: 2010-10-18→ Common Stock (20,300 underlying) - Disposition to Issuer
Common Stock
2003-07-31$54.00/sh−372$20,088→ 0 total
Footnotes (2)
- [F1]Includes 1,488 shares held in Port Financial Corp.'s Directors Deferred Compensation Plan.
- [F2]All options vested as of July 1, 2003 pursuant to the accelerated vesting provisions of the option agreement for changes in control. The options were cancelled in connection with the merger of Mustang Acquisition Corp., a wholly owned subsidiary of Citizens Bank of Massachusetts, and Port Financial Corp. in exchange for a cash payment of $773,937.50, representing the difference between the exercise price of the option and the market value of the underlying Port Financial Corp. common stock on the effective date of the merger.
Documents
Issuer
PORT FINANCIAL CORP
CIK 0001099517
Entity typeoperating
IncorporatedMA
Related Parties
1- filerCIK 0001099517
Filing Metadata
- Form type
- 4
- Filed
- Jul 31, 8:00 PM ET
- Accepted
- Aug 1, 7:58 AM ET
- Size
- 9.3 KB