4//SEC Filing
THOMPSON MICHAEL 4
Accession 0000922487-17-000023
CIK 0000922487other
Filed
Dec 19, 7:00 PM ET
Accepted
Dec 20, 5:50 PM ET
Size
7.9 KB
Accession
0000922487-17-000023
Insider Transaction Report
Form 4
THOMPSON MICHAEL
Other
Transactions
- Disposition to Issuer
ROYAL BANCSHARES OF PENNSYLVANIA CLASS A COMMON
2017-12-15−2,067→ 0 total - Disposition to Issuer
EMPLOYEE STOCK OPTIONS
2017-12-15$2.36/sh−3,334$7,868→ 0 totalExercise: $1.83Exp: 2025-02-18→ Common Stock (3,334 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger between Bryn Mawr Bank Corporation ("BMBC") and issuer, dated January 30, 2017 (the "Merger Agreement"), pursuant too which issuer was merged with and into BMBC, effective December 15, 2017 (the "Merger"). Pursuant to the Merger, each outstanding share of issuer's Class A common stock was exchanged for 0.1025 shares of BMBC common stock, and each outstanding share of issuer's Class B common stock was exchanged for 0.1179 shares of BMBC common stock. As a result of the Merger, the reporting person no longer beneficially owns directly or indirectly any shares of issuer common stock.
- [F2]Pursuant to the Merger Agreement, each outstanding option to purchase shares of issuer's Class A common stock (whether vested or unvested) pursuant to issuer's equity-based compensation plans, which was outstanding and unexercised immediately prior to the effective time of the Merger, was canceled by the issuer in exchange for a cash payment equal to the positive difference between $4.19 and the corresponding exercise of such option on the effective date of the Merger.
Documents
Issuer
ROYAL BANCSHARES OF PENNSYLVANIA INC
CIK 0000922487
Entity typeother
Related Parties
1- filerCIK 0001434741
Filing Metadata
- Form type
- 4
- Filed
- Dec 19, 7:00 PM ET
- Accepted
- Dec 20, 5:50 PM ET
- Size
- 7.9 KB