FIRST NIAGARA FINANCIAL GROUP INC 4
4 · FIRST NIAGARA FINANCIAL GROUP INC · Filed Aug 2, 2016
Insider Transaction Report
Form 4
Brickley Liam
SVP, Chief Credit Officer
Transactions
- Disposition to Issuer
Common Stock
2016-08-01−91,687→ 0 total
Footnotes (1)
- [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.