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4//SEC Filing

ABINGTON BANCORP, INC./PA 4

Accession 0001065407-07-000445

CIK 0001397533operating
View on SEC.govCompany Profile

Filed

Jun 28, 8:00 PM ET

Accepted

Jun 29, 6:43 PM ET

Size

15.0 KB

Accession

0001065407-07-000445

Insider Transaction Report

Form 4
Period: 2007-06-27
ABINGTON BANCORP, INC./PAABBCD
Kovalcheck Frank
Senior Vice President
Transactions
  • Purchase

    Common Stock

    2007-06-27$10.00/sh+700$7,000→ 8,540 total(indirect: By Deferred Compensation Plan)
  • Other

    Employee Stock Option (Right to Buy)

    2007-06-27+93,600→ 93,600 total
    Exercise: $7.51Exp: 2015-07-05→ Common Stock (93,600 underlying)
Holdings

  • Common Stock

    (indirect: By 401(k))
    13,174.848

  • Common Stock

    (indirect: By Spouse)
    15,691

  • Common Stock

    48,814

  • Common Stock

    (indirect: By ESOP)
    3,242.771
Footnotes (5)
  • [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 22,400 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 17,500 shares of Abington Community Bancorp, Inc. common stock that commenced vesting at a rate of 20% per year on July 5, 2006.
  • [F3]Includes 12,288 shares held jointly with the reporting person's spouse.
  • [F4]The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
  • [F5]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.

Documents

2 files

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, 6:43 PM ET
Size
15.0 KB
View on SEC.gov