White Robert 4
4 · ABINGTON BANCORP, INC./PA · Filed Oct 4, 2011
Insider Transaction Report
Form 4
White Robert
DirectorChairman, President & CEO
Transactions
- Other
Common Stock
2011-10-01$5.46/sh−32,699$178,537→ 59,918.244 total(indirect: By Deferred Compensation Plans) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2011-10-01−280,800→ 0 totalExercise: $7.51From: 2010-07-05Exp: 2015-07-05→ Common Stock (280,800 underlying) - Disposition to Issuer
Common Stock
2011-10-01−21,744.832→ 0 total(indirect: By ESOP) - Disposition to Issuer
Common Stock
2011-10-01−182,244→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2011-10-01−310,000→ 0 totalExercise: $9.11Exp: 2018-01-30→ Common Stock (310,000 underlying) - Disposition to Issuer
Common Stock
2011-10-01−25,590.172→ 0 total(indirect: By 401(k)) - Other
Common Stock
2011-10-01$5.46/sh−22,476$122,719→ 182,244 total - Disposition to Issuer
Common Stock
2011-10-01−59,918.244→ 0 total(indirect: By Deferred Compensation Plans)
Footnotes (9)
- [F1]Disposition to the Issuer solely to meet tax obligation for distribution from the 2007 Recognition and Retention Plan Trust.
- [F2]Disposed of pursuant to merger agreement between issuer and Susquehanna Bancshares, Inc. ("SUSQ") in exchange for 240,562 shares of SUSQ common stock having a market value of $5.46 per share on the effective date of the merger.
- [F3]Disposition to the Issuer solely to meet tax obligation for distribution from deferred compensation plans.
- [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]Disposed of pursuant to merger agreement between issuer and SUSQ in exchange for 79,092 shares of SUSQ common stock having a market value of $5.46 per share on the effective date of the merger.
- [F6]Disposed of pursuant to merger agreement between issuer and SUSQ in exchange for 33,779 shares of SUSQ common stock having a market value of $5.46 per share on the effective date of the merger.
- [F7]Disposed of pursuant to merger agreement between issuer and SUSQ in exchange for 28,703 shares of SUSQ common stock having a market value of $5.46 per share on the effective date of the merger.
- [F8]This option, which provided for vesting in five equal annual installments beginning January 30, 2009, was assumed by SUSQ in the merger and replaced with an option to purchase 409,200 shares of SUSQ common stock for $6.91 per share.
- [F9]This option, which provided for vesting in five equal annual installments beginning July 5, 2006, was assumed by SUSQ in the merger and replaced with an option to purchase 370,656 shares of SUSQ common stock for $5.69 per share.