Home/Filings/4/0001065407-07-000441
4//SEC Filing

ABINGTON BANCORP, INC./PA 4

Accession 0001065407-07-000441

CIK 0001397533operating

Filed

Jun 28, 8:00 PM ET

Accepted

Jun 29, 6:40 PM ET

Size

12.4 KB

Accession

0001065407-07-000441

Insider Transaction Report

Form 4
Period: 2007-06-27
Transactions
  • Other

    Stock Option (Right to Buy)

    2007-06-27+48,00048,000 total
    Exercise: $7.51Exp: 2015-07-05Common Stock (48,000 underlying)
Holdings
  • Common Stock

    33,600
  • Common Stock

    (indirect: By Spouse)
    25,600
  • Common Stock

    (indirect: By IRA)
    7,120
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.

Issuer

ABINGTON BANCORP, INC./PA

CIK 0001397533

Entity typeoperating

Related Parties

1
  • filerCIK 0001397533

Filing Metadata

Form type
4
Filed
Jun 28, 8:00 PM ET
Accepted
Jun 29, 6:40 PM ET
Size
12.4 KB