Lake Sunapee Bank Group 4
4 · Lake Sunapee Bank Group · Filed Jan 18, 2017
Insider Transaction Report
Form 4
Stabile John P II
Director
Transactions
- Disposition to Issuer
Common Stock
2017-01-13−6,600→ 0 total
Footnotes (1)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of May 5, 2016 (the "Merger Agreement"), between Lake Sunapee Bank Group ("Lake Sunapee") and Bar Harbor Bankshares ("Bar Harbor"). Pursuant to the Merger Agreement, in exchange for each share of Lake Sunapee common stock the reporting person received 0.4970 shares of Bar Harbor common stock rounded down to the nearest whole share, having a market value of $43.69 per share on January 13, 2017, plus cash for any fractional share based on the average closing price of Bar Harbor common stock for the ten consecutive days ending on January 13, 2017.