SUSQUEHANNA BANCSHARES INC 4
4 · SUSQUEHANNA BANCSHARES INC · Filed Aug 3, 2015
Insider Transaction Report
Form 4
REUTER WILLIAM J
DirectorChairman & CEO
Transactions
- Disposition to Issuer
Common Stock
2015-08-01−163,991.557→ 0 total - Disposition to Issuer
Stock Option
2015-08-01−50,000→ 0 totalExercise: $24.26Exp: 2017-02-28→ Common Stock (50,000 underlying) - Disposition to Issuer
Stock Option
2015-08-01−50,000→ 0 totalExercise: $21.82Exp: 2018-02-27→ Common Stock (50,000 underlying) - Disposition to Issuer
Stock Option
2015-08-01−26,800→ 0 totalExercise: $24.34Exp: 2016-01-18→ Common Stock (26,800 underlying) - Disposition to Issuer
Restricted Stock Units
2015-08-01−118,911→ 0 total→ Common Stock (118,911 underlying)
Footnotes (8)
- [F1]Includes 330.0326 shares acquired on 12-15-2014, under the 2011 Susquehanna Bancshares, Inc. Employee Stock Purchase Plan.
- [F2]Disposed of pursuant to the Agreement and Plan of Merger between BB&T Corporation ("BB&T") and issuer, dated November 11, 2014 (the "Merger Agreement"), pursuant to which issuer was merged with and into BB&T, effective August 1, 2015 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of issuer common stock was exchanged for 0.253 shares of BB&T common stock and $4.05 of cash. As a result of the Merger, the reporting person no longer beneficially owns directly or indirectly any shares of issuer common stock.
- [F3]Pursuant to the Merger Agreement, each option to purchase shares of issuer's common stock (whether vested or unvested), which was outstanding and unexercised immediately prior to the effective time of the Merger, automatically became fully vested and was assumed by BB&T and converted into a stock option to purchase shares of BB&T common stock, with the number of underlying shares and the exercise price determined under the Merger Agreement.
- [F4]This option was replaced with an option to purchase 9,455 shares of BB&T common stock for $68.99 per share.
- [F5]This option was replaced with an option to purchase 17,640 shares of BB&T common stock for $68.77 per share.
- [F6]This option was replaced with an option to purchase 17,640 shares of BB&T common stock for $61.85 per share.
- [F7]Each restricted stock unit represents a contingent right to receive one share of Susquehanna Bancshares, Inc. common stock.
- [F8]This restricted stock unit was fully vested at the effective time of the merger and converted into the right to receive a cash payment of $1,702,805.52 ($14.32 per share).