Flemming John D 4
4 · Manhattan Bancorp · Filed Jun 15, 2012
Insider Transaction Report
Form 4
Flemming John D
Director
Transactions
- Award
Common Stock
2012-05-31+7,442,276→ 9,167,276 total(indirect: By Partnership) - Award
Stock option (right to buy Common Stock)
2012-05-31+24,108→ 24,108 total(indirect: By Partnership)Exercise: $5.55From: 2009-03-09Exp: 2019-03-09→ Common Stock (24,108 underlying)
Footnotes (4)
- [F1]Received in exchange for an aggregate of 4,136,667 shares of Professional Business Bank common stock in connection with the merger of Professional Business Bank with and into a wholly-owned subsidiary of Manhattan Bancorp, based on an exchange ratio of 1.7991 shares of Manhattan Bancorp common stock for each whole share of Professional Business Bank common stock.
- [F2]All such shares are held by Carpenter Community BancFund, L.P., Carpenter Community BancFund-A, L.P. and Carpenter Community BancFund-CA, L.P., of which Carpenter Fund Manager GP, LLC is the General Partner. Mr. Flemming is a Managing Member of Carpenter Fund Manager GP, LLC and disclaims beneficial ownership of all such shares, except to the extent that Mr. Flemming has a pecuniary interest in the General Partner.
- [F3]Received in exchange for stock options to acquire shares of Professional Business Bank common stock at $10.00 per share in connection with the merger of Professional Business Bank with and into a wholly-owned subsidiary of Manhattan Bancorp, based on an exchange ratio of 1.7991 shares of Manhattan Bancorp common stock for each whole share of Professional Business Bank common stock.
- [F4]All such stock options are held by Carpenter Community BancFund-A, L.P, of which Carpenter Fund Manager GP, LLC is the General Partner. Mr. Flemming is a Managing Member of Carpenter Fund Manager GP, LLC and disclaims beneficial ownership of all such stock options, except to the extent that Mr. Flemming has a pecuniary interest in the General Partner.