4//SEC Filing
QUINN ROBERT P 4
Accession 0000911935-04-000153
CIK 0000911935other
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 2:53 PM ET
Size
29.2 KB
Accession
0000911935-04-000153
Insider Transaction Report
Form 4
QUINN ROBERT P
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2004-10-01−99,000→ 0 totalExercise: $7.30Exp: 2005-01-28→ Common Stock (99,000 underlying) - Disposition to Issuer
Common Stock
2004-10-01−34,500→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2004-10-01−6,000→ 0 totalExercise: $39.00Exp: 2014-05-01→ Common Stock (6,000 underlying) - Disposition to Issuer
Phantom Stock
2004-10-01−7,963→ 0 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (7,963 underlying)
Footnotes (5)
- [F1]Disposed of pursuant to the merger agreement between the Issuer (GPT) and North Fork Bancorporation, Inc. (NF) pursuant to which GPT merged with and into NF (Merger). Each sh. of GPT com. stk. (ICS) was exchanged for 1.0514 shs. of NF com. stk. (NFCS) (with cash paid in lieu of issuing fractional shares), with a mkt. val. of approx. $46.73/sh. as of the close of business on the day prior to the effective date of the Merger (based on the closing price of NFCS on the NYSE on that date).
- [F2]This Phantom Stock converts to Issuer Common Stock on a 1-for-1 basis.
- [F3]The Phantom Stock was accrued under the GreenPoint Bank 1993 Directors' Deferred Fee Stock Unit Plan and is to be settled in cash or Issuer Common Stock upon termination of the reporting person's services. In a case such as this, where the Date Exercisable and Expiration Date are currently unknown, the SEC recommends that 08/08/1988 be used.
- [F4]These options to purchase ICS were assumed by NF in the Merger and replaced by options to purchase NFCS. Generally, the # of shs. subject to each replacement NF option is = to the # of shs. subject to each GPT option held immediately prior to the effective date of the Merger multiplied by 1.0514 (rounded to the nearest whole sh.), and the exercise price of each replacement NF option is = to the exercise price of ea. GPT option divided by 1.0514 (rounded to the nearest whole cent).
- [F5]All unvested options became fully vested upon completion of the Merger.
Documents
Issuer
GREENPOINT FINANCIAL CORP
CIK 0000911935
Entity typeother
Related Parties
1- filerCIK 0001242326
Filing Metadata
- Form type
- 4
- Filed
- Oct 4, 8:00 PM ET
- Accepted
- Oct 5, 2:53 PM ET
- Size
- 29.2 KB