ROWSE JOHN M 4
4 · PHSB FINANCIAL CORP · Filed Feb 15, 2005
Insider Transaction Report
Form 4
ROWSE JOHN M
Director
Transactions
- Disposition to Issuer
Options - Right to Buy
2005-02-11$17.78/sh−7,956$141,458→ 0 totalExercise: $9.22Exp: 2008-10-22→ Common Stock (7,956 underlying) - Disposition to Issuer
Options - Right to Buy
2005-02-11$11.49/sh−7,100$81,579→ 0 totalExercise: $15.51Exp: 2012-12-23→ Common Stock (7,100 underlying) - Disposition to Issuer
Common Stock
2005-02-11−4,551→ 0 total
Footnotes (3)
- [F1]Disposed of pursuant to merger agreement between issuer and ESB Financial Corporation in exchange for either $27.00 cash or 1.966 shares of ESB Financial Corporation.
- [F2]This option, which provided for vesting in three equal annual installments beginning October 22, 1998, was cancelled in the merger in exchange for a cash payment of $141,457.68, representing the difference between the exercise price of the option and the market value of the underlying PHSB common stock on the effective date of the merger ($27.00 per share).
- [F3]This option, which provided for vesting in three equal annual installments beginning December 28, 2002, was cancelled in the merger in exchange for a cash payment of $81,579.00, representing the difference between the exercise price of the option and the market value of the underlying PHSB common stock on the effective date of the merger ($27.00 per share).