4//SEC Filing
ABINGTON BANCORP, INC./PA 4
Accession 0001065407-07-000449
CIK 0001397533operating
Filed
Jun 28, 8:00 PM ET
Accepted
Jun 29, 6:56 PM ET
Size
14.4 KB
Accession
0001065407-07-000449
Insider Transaction Report
Form 4
Sandoski Jack J
SVP & Chief Financial Officer
Transactions
- Purchase
Common Stock
2007-06-27$10.00/sh+3,000$30,000→ 35,244 total(indirect: By Deferred Compensation Plan) - Other
Employee Stock Option (Right to Buy)
2007-06-27+93,600→ 93,600 totalExercise: $7.51Exp: 2007-06-27→ Common Stock (93,600 underlying)
Holdings
- 48,004.832(indirect: By 401(k))
Common Stock
- 3,845.336(indirect: By ESOP)
Common Stock
- 44,000
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 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 16,000 shares held by the reporting person's mother for whom he has power of attorney and over which he disclaims beneficial ownership.
- [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
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, 6:56 PM ET
- Size
- 14.4 KB