4//SEC Filing
GULOTTY DOUGLAS C 4
Accession 0000914317-10-000986
CIK 0000709942other
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 4:49 PM ET
Size
10.1 KB
Accession
0000914317-10-000986
Insider Transaction Report
Form 4
Wilber CORPGIW
GULOTTY DOUGLAS C
President & CEO
Transactions
- Small Acquisition
Phantom Stock Units
2010-05-28$6.55/sh+68$445→ 7,443 total(indirect: By Deferred Comp Plan)Exercise: $0.00→ Phantom Stock Units (68 underlying) - Award
Common Stock
2010-05-28$6.38/sh+30$191→ 3,190 total - Purchase
Common Stock
2010-05-28$6.38/sh+39$249→ 3,229 total
Footnotes (3)
- [F1]This filing reports 69 additional common shares acquired pursuant to the Company's Amended and Restated Dividend Reinvestment and Direct Stock Purchase Plan, 30 shares were acquired through the dividend reinvestment feature and 39 shares were acquired through the optional cash investment feature of the plan. The Plan provides for the purchase of fractional shares, the number reported is the nearest whole number.
- [F2]Pursuant to the Company's Deferred Compensation Plan Established in 1985, as amended in 1999, executive officers may defer portions of their compensation and deferred amounts can be indexed to the financial performance of the Company's common stock, although no actual shares of stock are purchased (thus, "phantom stock"). Increases and decreases in the deferred amounts are determined based upon changes in the trading price of the Company's stock. The executive officer does not have any right against the Company with respect to any portion of the account, except as a general unsecured creditor. The participant may withdraw funds upon the termination of his employment, retirement or in the event of financial hardship, and the value of such phantom stock units would be based upon the current market value of the Company's stock.
- [F3]The Company's Deferred Compensation Plan was frozen in 2004. Under the frozen plan, the reporting person was no longer permitted to defer portions of his compensation into the plan. Accordingly, these phantom stock units were acquired by the reporting person through the allocation of dividend payments on existing units under the Company's Deferred Compensation Plan.
Documents
Issuer
Wilber CORP
CIK 0000709942
Entity typeother
Related Parties
1- filerCIK 0001278825
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 4:49 PM ET
- Size
- 10.1 KB