BELAS JOSEPH D 4
4 · PHSB FINANCIAL CORP · Filed Feb 15, 2005
Insider Transaction Report
Form 4
BELAS JOSEPH D
Director
Transactions
- Disposition to Issuer
Common Stock
2005-02-11−2,896→ 0 total(indirect: By Spouse) - Disposition to Issuer
Options - Right to Buy
2005-02-11$11.49/sh−4,100$47,109→ 0 totalExercise: $15.51Exp: 2012-12-23→ Common Stock (4,100 underlying) - Disposition to Issuer
Common Stock
2005-02-11−26,055→ 0 total - Disposition to Issuer
Common Stock
2005-02-11−10,000→ 0 total(indirect: By IRA)
Footnotes (2)
- [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 December 28, 2002, was cancelled in the merger in exchange for a cash payment of $47,109.00, 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).