Afzal Zahid 4
4 · FIRST DEFIANCE FINANCIAL CORP · Filed Feb 4, 2020
Insider Transaction Report
Form 4
Afzal Zahid
Director
Transactions
- Award
Common Shares
2020-01-31+31,869→ 31,869 total - Award
Stock Option (Right to Buy)
2020-01-31+1,486→ 1,486 totalExercise: $10.31From: 2020-01-31Exp: 2023-10-22→ Common Shares (1,486 underlying)
Footnotes (2)
- [F1]Pursuant to that certain Agreement and Plan of Merger, dated September 9, 2019 (the "Merger Agreement"), by and between First Defiance Financial Corp. (the "Issuer") and United Community Financial Corp. ("UCFC"), UCFC was merged into the Issuer on January 31, 2020 (the "Merger"), and each share of common stock of UCFC, having a market value of $10.93 on the effective date of the Merger, held by the reporting person was converted into the right to receive .3715 shares of common stock of the Issuer, having a market value of $29.39 on the effective date of the Merger, plus cash in lieu of any fractional shares.
- [F2]Pursuant to the Merger Agreement, at the effective time of the Merger, each option to purchase shares of common stock of UCFC ("UCFC Option") fully vested and was converted into an option to purchase .3715 shares of common stock of the Issuer, having a market value of $29.39 on the effective date of the Merger, at an exercise price equal to the exercise price of the UCFC Option divided by .3715.