HILL VERNON W II 5
5 · REPUBLIC FIRST BANCORP INC · Filed Feb 12, 2009
Insider Transaction Report
Form 5
HILL VERNON W II
Director
Transactions
- Award
Option to purchase common stock
2008-11-12+75,000→ 75,000 totalExercise: $8.72From: 2012-11-12Exp: 2018-11-12→ Common Stock, Par Value $0.01 (75,000 underlying)
Holdings
- 923,077
Trust Preferred Securities
Exercise: $6.50→ Common Stock, Par Value $0.01 (923,077 underlying)
Footnotes (3)
- [F1]The Trust Preferred Securities are convertible into Common Stock at the option of the holder at a conversion price of $6.50 (i) at any time on or after the last day of any calendar quarter beginning with the quarter ending June 30, 2008, if, as of such last day of such calendar quarter, the closing sale price of the Common Stock for at least 20 trading days in a period of 30 consecutive trading days ending on the last trading day of such calendar quarter is more than 110% of the conversion price in effect on the last day of such calendar quarter, (ii) upon a change of control of the Issuer, (iii) at any time after June 30, 2009, and (iv) on the business day immediately preceding the date of repayment of such Trust Preferred Securities, whether at stated maturity or upon redemption.
- [F2]The Trust Preferred Securities have a 30-year term and expire at 5:00 pm. New York, New York time on the business day immediately preceding the date of maturity or earlier redemption.
- [F3]The option vests and becomes exercisable on 11/12/2012.