4//SEC Filing
ABINGTON BANCORP, INC./PA 4
Accession 0001065407-07-000448
CIK 0001397533operating
Filed
Jun 28, 8:00 PM ET
Accepted
Jun 29, 6:53 PM ET
Size
14.5 KB
Accession
0001065407-07-000448
Insider Transaction Report
Form 4
Pannepacker Robert John Sr
Director
Transactions
- Purchase
Common Stock
2007-06-27$10.00/sh+100$1,000→ 98,308 total - Purchase
Common Stock
2007-06-27$10.00/sh+1,000$10,000→ 41,592 total(indirect: By Spouse) - 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
- 3,200(indirect: By corporation)
Common Stock
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 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 38,500 shares held by Mr. Pannepacker's mother whom he has power of attorney and over which he disclaims beneficial ownership.
- [F4]The 3,200 shares are held by Penny's Flowers, Inc., a corporation of which the reporting person is a 50% owner. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall be deemed an admission of beneficial ownership of all of the reported shares for the purpose 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
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, 6:53 PM ET
- Size
- 14.5 KB