NEWBRIDGE BANCORP 4
4 · NEWBRIDGE BANCORP · Filed Mar 1, 2016
Insider Transaction Report
Form 4
RIDGILL PRESSLEY A
DirectorPresident
Transactions
- Disposition to Issuer
Restricted Stock Units
2016-03-01−125,000→ 0 total→ Class A Common Stock (125,000 underlying) - Disposition to Issuer
Class A Common Stock
2016-03-01−57,578→ 0 total - Disposition to Issuer
Class A Common Stock
2016-03-01−52,087→ 0 total(indirect: By Trust) - Disposition to Issuer
Class A Common Stock
2016-03-01−37,588→ 0 total(indirect: By IRA) - Disposition to Issuer
Class A Common Stock
2016-03-01−3,055→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Restricted Stock Units
2016-03-01−21,488→ 0 total→ Class A Common Stock (21,488 underlying) - Disposition to Issuer
Restricted Stock Units
2016-03-01−34,766→ 0 total→ Class A Common Stock (34,766 underlying)
Footnotes (5)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger between Yadkin Financial Corporation ("Yadkin") and issuer, dated October 12, 2015 (the "Merger Agreement"), pursuant to which issuer was merged with and into Yadkin, effective March 1, 2016 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of issuer common stock was exchanged for 0.50 shares of Yadkin common stock. 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 the contingent right to receive one share of issuer common stock upon vesting of the unit.
- [F3]These restricted stock units became fully vested at the effective time of the Merger and were converted into 62,500 restricted stock units of Yadkin common stock, subject to reduction, if necessary, to comply with Section 280G of the Internal Revenue Code of 1986, as amended.
- [F4]These restricted stock units remained unvested at the effective time of the Merger and were converted into 10,744 restricted stock units of Yadkin common stock.
- [F5]These restricted stock units became fully vested at the effective time of the Merger and were converted into 17,383 restricted stock units of Yadkin common stock.