BERSHAD JACK R 4
4 · COMMERCE BANCORP INC /NJ/ · Filed Sep 22, 2005
Insider Transaction Report
Form 4
BERSHAD JACK R
Director
Transactions
- Conversion
5.95% Conv Trust Pref Sec of Comm Cap Trust II
2005-09-20−1,000→ 0 total(indirect: By Spouse)Exp: 2032-03-11→ Common Stock (1,896 underlying) - Conversion
Common Stock
2005-09-20+1,896→ 64,586 total(indirect: By Spouse) - Conversion
Common Stock
2005-09-20+3,791→ 83,129 total - Conversion
5.95% Conv Trust Pref Sec of Comm Cap Trust II
2005-09-20−2,000→ 0 totalExp: 2032-03-11→ Common Stock (3,791 underlying)
Holdings
- 400(indirect: By Foundation)
Common Stock
- 0(indirect: By Foundation)
Common Stock
Footnotes (1)
- [F1]On August 15, 2005, the Company announced the redemption of its publicly traded 5.95% Convertible Trust Preferred Securities issued by Commerce Capital Trust II on May 11, 2002. Pursuant to the terms of the Indenture, each Convertible Trust Preferred Security was converted into 1.8956 shares of Commerce Bancorp, Inc. common stock (equal to a conversion price of approximately $26.38).