CHESTER VALLEY BANCORP INC 4
4 · CHESTER VALLEY BANCORP INC · Filed Sep 6, 2005
Insider Transaction Report
Form 4
SEXTON MICHAEL J
VP & Controller
Transactions
- Disposition to Issuer
Stock Option
2005-08-31$8.87/sh−5,513$48,900→ 0 totalExercise: $19.03From: 2004-06-30Exp: 2013-06-30→ common stock (5,513 underlying) - Disposition to Issuer
Stock Option
2005-08-31$13.71/sh−3,039$41,665→ 0 totalExercise: $14.19From: 2001-12-20Exp: 2010-12-20→ common stock (3,039 underlying) - Disposition to Issuer
Stock Option
2005-08-31$15.56/sh−1,216$18,921→ 0 totalExercise: $12.34From: 2002-07-18Exp: 2011-07-18→ common stock (1,216 underlying) - Disposition to Issuer
Stock Option
2005-08-31$14.19/sh−6,946$98,564→ 0 totalExercise: $13.71From: 2003-06-19Exp: 2012-06-19→ common stock (6,946 underlying) - Disposition to Issuer
Common Stock
2005-08-31$27.90/sh−78$2,176→ 0 total(indirect: By Children)
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger between the Issuer and Willow Grove Bancorp, Inc., (i) each share of common stock in the Issuer is converted into $27.90 in cash or, at the holder's election, 1.4823 shares of Willow Grove common stock, subject to an apportionment procedure the result of which will not be known until ten (10) days after the merger; and (ii) each outstanding option to purchase Chester Valley common stock is cancelled in exchange for a cash payment equal to $27.90 per share minus the exercise price per share, or, at the option holder's election, converted into an option to purchase Willow Grove common stock (with appropriate adjustments to the number of shares and exercise price as set forth in the Agreement and Plan of Merger).
- [F2]Exercise prices are rounded to nearest cent; number of derivative securities is rounded up to nearest whole number.
- [F3]Option vests 25% per year beginning on the date shown.