SWAIN SCOTT A 4
4 · Sunshine Financial, Inc. · Filed Apr 3, 2018
Insider Transaction Report
Form 4
SWAIN SCOTT A
Senior VP, CFO & Treasurer
Transactions
- Disposition to Issuer
Common Stock
2018-04-01−3,910→ 0 total(indirect: Held in ESOP) - Disposition to Issuer
Common Stock
2018-04-01−3,936→ 0 total - Disposition to Issuer
Common Stock
2018-04-01−4,487→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2018-04-01$27.00/sh−10,000$270,000→ 0 totalExercise: $10.75From: 2017-12-10Exp: 2022-12-10→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to a merger agreement with The First Bancshares, Inc. ("FBMS"), with each share being exchanged, at the option of the shareholder, for either (i) $27.00 in cash, or (ii) 0.93 of a share of FBMS common stock with a market value of $32.25 as of the effective time of the merger, provided that the total mix of cash consideration and stock consideration to be issued by FBMS to holders of Sunshine common stock is fixed at 75% stock and 25% cash.
- [F2]This option was canceled in the merger in exchange for a cash payment of $162,500, representing the difference between the exercise price and the $27.00 cash merger consideration, less applicable with withholding taxes.