Sothen James Adam 4
4 · PARTNERS BANCORP · Filed Dec 1, 2023
Insider Transaction Report
Form 4
PARTNERS BANCORPPTRS
Sothen James Adam
Chief Financial Officer
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2023-11-30−25,768→ 0 totalExercise: $7.72Exp: 2028-04-16→ Common Stock (25,768 underlying)
Footnotes (1)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 22, 2023, by and between LINKBANCORP, Inc. ("LINK") and Partners Bancorp ("Partners"), at the Effective Time (as defined in the Merger Agreement), this option ceased to represent an option to purchase shares of Partners common stock and converted into an option to purchase 29,633 shares of LINK common stock at an exercise price of $6.72 per share, pursuant to the terms of the Merger Agreement and the applicable award agreement.