SUSQUEHANNA BANCSHARES INC 4
4 · SUSQUEHANNA BANCSHARES INC · Filed Aug 3, 2015
Insider Transaction Report
Form 4
LUNDBLAD CARL D
EVP, Chief Legal&Admin Officer
Transactions
- Disposition to Issuer
Restricted Stock Units
2015-08-01−18,119→ 0 total→ Common Stock (18,119 underlying) - Disposition to Issuer
Common Stock
2015-08-01−19,270.104→ 0 total
Footnotes (3)
- [F1]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.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Susquehanna Bancshares, Inc. common stock.
- [F3]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 $259,464.08 ($14.32 per share).