4//SEC Filing
SYNERGY FINANCIAL GROUP INC /NJ/ 4
Accession 0000946275-07-000682
CIK 0001263766operating
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 3:44 PM ET
Size
15.8 KB
Accession
0000946275-07-000682
Insider Transaction Report
Form 4
WENTHEN KEVIN A
Senior VP & Chief Admin. Off.
Transactions
- Tax Payment
Common stock, par value $0.10 per share
2007-10-01$15.01/sh−5,250$78,776→ 61,900 total - Disposition to Issuer
Stock Option
2007-10-01−58,000→ 0 totalExercise: $5.59Exp: 2013-04-22→ Common Stock (58,000 underlying) - Disposition to Issuer
Common Stock, par value $0.10 per share
2007-10-01−12,250→ 0 total(indirect: By ESOP) - Disposition to Issuer
Common Stock, par value $0.10 per share
2007-10-01−35,419→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Common Stock, par value $0.10 per share
2007-10-01−61,900→ 0 total - Disposition to Issuer
Stock Option
2007-10-01−63,200→ 0 totalExercise: $10.15Exp: 2014-08-31→ Common Stock (63,200 underlying)
Footnotes (5)
- [F1]Disposed of pursuant to merger agreement between the issuer and New York Community Bancorp, Inc. ("NYB") on the effective date of the merger of the issuer into NYB in exchange for 0.80 shares of NYB common stock for each share of issuer common stock held, with cash paid in lieu of fractional NYB shares.
- [F2]Award of options on April 22, 2003 under Synergy Financial Group, Inc. 2003 Stock Option Plan. Options become first exercisable at the rate of 20% on the anniversary of the award and 20% annually thereafter.
- [F3]This option was cancelled immediately prior to the effective time of the merger of the issuer into NYB in exchange for a cash cancellation payment of $9.2433 per option share (representing the difference between the average closing price of NYB common stock for the 20 consecutive trading days ended September 27, 2007 multiplied by the exchange ratio of 0.80 ($14.83) and the exercise price of the option ($5.5867).
- [F4]Award of options on August 31, 2004 under Synergy Financial Group, Inc. 2004 Stock Option Plan. Options become first exercisable at the rate of 20% on the anniversary of the award and 20% annually thereafter.
- [F5]This option was cancelled immediately prior to the effective time of the merger of the issuer into NYB in exchange for a cash cancellation payment of $4.68 per option share (representing the difference between the average closing price of NYB common stock for the 20 consecutive trading days ended September 27, 2007 multiplied by the exchange ratio of 0.80 ($14.83) and the exercise price of the option ($10.15).
Documents
Issuer
SYNERGY FINANCIAL GROUP INC /NJ/
CIK 0001263766
Entity typeoperating
IncorporatedNJ
Related Parties
1- filerCIK 0001263766
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 3:44 PM ET
- Size
- 15.8 KB