ABINGTON BANCORP, INC./PA 4
4 · ABINGTON BANCORP, INC./PA · Filed Jun 29, 2007
Insider Transaction Report
Form 4
Czerwonka Michael F III
Director
Transactions
- Other
Stock Option (Right to Buy)
2007-06-27+48,000→ 48,000 totalExercise: $7.51Exp: 2015-07-05→ Common Stock (48,000 underlying)
Holdings
- 33,600
Common Stock
- 25,600(indirect: By Spouse)
Common Stock
- 7,120(indirect: By IRA)
Common Stock
Footnotes (4)
- [F1]Pursuant to a reorganization exempt under Rule 16b-7, each share of Abington Community Bancorp, Inc. common stock outstanding as of June 27, 2007, was automatically exchanged for 1.6 shares of common stock of a new corporation called Abington Bancorp, Inc., with fractional shares cashed out at a price of $10 per share.
- [F2]Includes 15,360 shares (as adjusted pursuant to the reorganization described in footnote (1) above) held in the 2005 Recognition and Retention Plan Trust which reflect the unvested portion of a grant amount originally covering 12,000 shares of Abington Community Bancorp, Inc. common stock that commenced vesting at a rate of 20% per year on July 5, 2006.
- [F3]Includes 14,400 shares held jointly with the reporting person's spouse.
- [F4]Pursuant to a reorganization exempt under Rule 16b-7, each option for a share of Abington Community Bancorp, Inc. common stock as of June 27, 2007 was automatically exchanged for an option for 1.6 shares of common stock of a new corporation called Abington Bancorp, Inc. with the exercise price adjusted by a proportional amount. The options are vesting at a rate of 20% per year on July 5, 2006.