William Nathan Salin Family Irrevocable Trust #1 3
3 · HORIZON BANCORP INC /IN/ · Filed Apr 3, 2019
Insider Transaction Report
Form 3
Holdings
- 4,877,130
Common Stock, no par value
Footnotes (2)
- [F1]Received pursuant to the Merger Agreement between Horizon Bancorp, Inc. ("Horizon") and Salin Bancshares, Inc. ("SBI"), dated October 29, 2018, as amended by that First Amendment to Merger Agreement, dated December 18, 2018 (the "Merger Agreement"), pursuant to which SBI was merged with and into Horizon on March 26, 2019 (the "Effective Time"). Pursuant to the Merger Agreement, as of the Effective Time, each issued and outstanding share of SBI common stock converted into the right to receive (i) 23,907.5 shares of Horizon common stock and cash in lieu of fractional shares, and (ii) $87,417.17 in cash.
- [F2]Margaret Jane Salin serves as the sole trustee of the William Nathan Salin Family Irrevocable Trust #1 (the "Trust") and, in such capacity, has sole voting and dispositive power. Ms. Salin disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.