Home/Filings/4/0001051741-16-000458
4//SEC Filing

FIRST NIAGARA FINANCIAL GROUP INC 4

Accession 0001051741-16-000458

CIK 0001051741operating

Filed

Aug 1, 8:00 PM ET

Accepted

Aug 2, 2:04 PM ET

Size

17.5 KB

Accession

0001051741-16-000458

Insider Transaction Report

Form 4
Period: 2016-08-01
Rendulic Mark R
SVP, Western PA Regional Sales
Transactions
  • Disposition to Issuer

    Common Stock

    2016-08-01130,9080 total
  • Disposition to Issuer

    Common Stock

    2016-08-0110,3490 total(indirect: By 401(k))
  • Disposition to Issuer

    Common Stock

    2016-08-018970 total(indirect: By ESOP)
  • Disposition to Issuer

    Non-qualified Stock Option (Right to Buy)

    2016-08-0119,5360 total
    Exercise: $13.79Exp: 2021-01-24Common Stock (19,536 underlying)
  • Disposition to Issuer

    Non-qualified Stock Option (Right to Buy)

    2016-08-0130,9240 total
    Exercise: $9.27Exp: 2024-03-28Common Stock (30,924 underlying)
  • Disposition to Issuer

    Series B Nonconvertible Preferred Stock

    2016-08-011,0000 total
  • Disposition to Issuer

    Non-qualified Stock Option (Right to Buy)

    2016-08-0117,5500 total
    Exercise: $8.86Exp: 2023-03-28Common Stock (17,550 underlying)
Footnotes (6)
  • [F1]Disposed of pursuant to the Agreement and Plan of Merger by and among issuer and KeyCorp dated October 30, 2015 (the "Merger Agreement"), pursuant to which issuer was merged with and into KeyCorp, effective August 1, 2016 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of issuer common stock was exchanged for 0.68 shares of KeyCorp common stock and $2.30 of cash. Each unvested issuer restricted stock unit award was converted into a KeyCorp restricted stock unit for a number of whole shares (rounded down to the nearest whole share) of KeyCorp common stock equal to (i) the amount of issuer common stock underlying such restricted stock unit award multiplied by (ii) 0.88. As a result of the Merger, the reporting person no longer beneficially owns directly or indirectly any shares of issuer common stock.
  • [F2]Disposed of pursuant to the Merger Agreement. Pursuant to the Merger, each issued and outstanding share of issuer Series B Nonconvertible Preferred Stock was converted into one share of a newly issued series of Fixed-to-Floating Rate Perpetual Noncumulative Preferred Stock, Series C of KeyCorp. As a result of the Merger, the reporting person no longer beneficially owns directly any shares of issuer preferred stock.
  • [F3]Disposed of pursuant to the Merger. Pursuant to the Merger, each issued and outstanding share of issuer common stock was exchanged for 0.68 shares of KeyCorp common stock and $2.30 of cash. As a result of the Merger, the reporting person no longer beneficially owns indirectly any shares of issuer common stock.
  • [F4]This option, which provided for vesting in three equal annual installments beginning January 24, 2012, was assumed by KeyCorp in the Merger and replaced with an option to purchase 17,191 shares of KeyCorp common stock for $15.68 per share.
  • [F5]This option, which provided for vesting in three equal annual installments beginning March 28, 2014, was assumed by KeyCorp in the Merger and replaced with an option to purchase 15,444 shares of KeyCorp common stock for $10.07 per share.
  • [F6]This option, which provided for vesting in three equal annual installments beginning March 28, 2015, was assumed by KeyCorp in the Merger and replaced with an option to purchase 27,213 shares of KeyCorp common stock for $10.54 per share.

Issuer

FIRST NIAGARA FINANCIAL GROUP INC

CIK 0001051741

Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0001051741

Filing Metadata

Form type
4
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 2:04 PM ET
Size
17.5 KB