Mack James M 4
4 · Wilber CORP · Filed Apr 8, 2011
Insider Transaction Report
Form 4
Wilber CORPGIW
Mack James M
Director
Transactions
- Other
Common Stock
2011-04-08−1,000→ 0 total
Footnotes (1)
- [F1]On April 8, 2011, The Wilber Corporation ("Wilber") merged with and into Community Bank System, Inc. ("Community"). Pursuant to the Agreement and Plan of Merger dated as October 22, 2010 between Wilber and Community, shareholders of Wilber may elect to receive, for each share of Wilber common stock owned, either (i) $9.50 cash; (ii) 0.391 of a share of common stock of Community or (iii) a mixture of 20% cash and 80% Community common stock based upon the aforementioned cash consideration and exchange ratio. The reporting person in this Form 4 and all other Wilber shareholders have until May 4, 2011 to make an election as to the merger consideration; therefore the disposition price is unknown at this time.