GRIES CHARLES J 4
4 · MB FINANCIAL INC /MD · Filed Mar 25, 2019
Insider Transaction Report
Form 4
GRIES CHARLES J
Director
Transactions
- Disposition to Issuer
Common Stock
2019-03-22−7,595→ 0 total - Disposition to Issuer
Common Stock
2019-03-22−54,524→ 0 total(indirect: By Deferred Comp Plan) - Disposition to Issuer
Common Stock
2019-03-22−1,050→ 0 total(indirect: Pension Plan) - Award
Restricted Stock Units
2019-03-21+7,522→ 7,522 totalExercise: $0.00→ Common Stock (7,522 underlying) - Disposition to Issuer
Common Stock
2019-03-22−1,584→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2019-03-22−2,200→ 0 total(indirect: By Spouse) - Disposition to Issuer
Restricted Stock Units
2019-03-22−7,522→ 0 totalExercise: $0.00→ Common Stock (7,522 underlying) - Disposition to Issuer
Common Stock
2019-03-22−4,557→ 0 total(indirect: Charles J. Gries Profit Sharing and Cash Deferred Plan) - Disposition to Issuer
Director Stock Units
2019-03-21−7,522→ 0 totalExercise: $0.00→ Common Stock (7,522 underlying)
Footnotes (4)
- [F1]Represents approximate equivalent number of shares of the Issuer's common stock held in the reporting person's account under the Issuer's Stock Deferred Compensation Plan, based on the most recent plan account statement. The approximate equivalent number of shares is equal to the dollar value of the reporting person's plan account divided by the closing price of the Issuer's common stock. As a result, the equivalent number of shares will fluctuate with changes in the market price of the Issuer's common stock.
- [F2]Disposed of upon completion of the merger (the "Merger") of a wholly owned subsidiary of Fifth Third Bancorp ("Fifth Third") with and into the Issuer, effective March 22, 2019. Pursuant to the Agreement and Plan of Merger, dated as of May 20, 2018, between the Issuer and Fifth Third, upon completion of the Merger, each outstanding share of the Issuer's common stock converted into the right to receive 1.45 shares of Fifth Third common stock and $5.54 in cash. The closing price per share of Fifth Third common stock on March 21, 2019, the last trading day prior to completion of the Merger, was $25.48.
- [F3]Transaction reflects grant of restricted stock units in substitution for previously held director stock units.
- [F4]These restricted stock units were assumed by Fifth Third upon completion of the Merger and converted into Fifth Third restricted stock units as provided under the terms of the Merger Agreement.