WISE MICHAEL W 4
4 · MINDEN BANCORP, INC. · Filed Jan 6, 2011
Insider Transaction Report
Form 4
MINDEN BANCORP, INC.MDNBD
WISE MICHAEL W
Director
Transactions
- Purchase
Common Stock
2011-01-04$10.00/sh+700$7,000→ 11,368 total - Purchase
Common Stock
2011-01-04$10.00/sh+100$1,000→ 100 total(indirect: By Children) - Purchase
Common Stock
2011-01-04$10.00/sh+100$1,000→ 100 total(indirect: By Children) - Purchase
Common Stock
2011-01-04$10.00/sh+5,000$50,000→ 5,000 total(indirect: By 401(k)) - Purchase
Common Stock
2011-01-04$10.00/sh+100$1,000→ 100 total(indirect: By Children)
Holdings
- 4,888
Stock Option
Exercise: $8.82From: 2004-05-15Exp: 2013-05-15→ Common Stock (4,888 underlying)
Footnotes (3)
- [F1]Pursuant to a reorganization exempt under Rule 16b-7, each share of common stock of Minden Bancorp, Inc., a federal corporation, outstanding as of January 4, 2011 was automatically exchanged for 1.7427 shares of common stock of the Issuer, with fractional shares cashed out based on a price of $10.00 per share.
- [F2]Shares held in 401(k) Plan of a company which the reporting person is part owner.
- [F3]Pursuant to a reorganization exempt under Rule 16b-7, each outstanding option to purchase a share of common stock of Minden Bancorp, Inc., a federal corporation, outstanding as of January 4, 2011 was automatically exchanged for an option to purchase 1.7427 shares of the Issuer with the exercise price adjusted to reflect the operation of the exchange ratio. The number of shares subject to the option grant, after applying the exchange ratio, was adjusted downward to the nearest whole share while the exercise price, after applying the exchange ratio, was adjusted to the nearest whole cent. The options vest at the rate of 20% per year.