DUNCAN GEORGE L 4

Accession 0001127602-25-018338

CIK 0001018399other

Filed

Jun 30, 8:00 PM ET

Accepted

Jul 1, 3:33 PM ET

Size

25.0 KB

Accession

0001127602-25-018338

Form 4

Period: 2025-07-01

DirectorChairman

Transactions

Disposition to Issuer
Common Stock
2025-07-01−360,206→ 0 total
Disposition to Issuer
Option (Right to Buy)
2025-07-01−3,095→ 0 total
Exercise: $21.86Exp: 2026-03-14→ Common Stock (3,095 underlying)
Disposition to Issuer
Option (Right to Buy)
2025-07-01−2,040→ 0 total
Exercise: $34.33Exp: 2028-03-20→ Common Stock (2,040 underlying)
Disposition to Issuer
Option (Right to Buy)
2025-07-01−2,909→ 0 total
Exercise: $28.22Exp: 2030-03-17→ Common Stock (2,909 underlying)
Disposition to Issuer
Common Stock
2025-07-01−18,445→ 0 total(indirect: By Estate)
Disposition to Issuer
Stock Option (Right to Buy)
2025-07-01−1,698→ 0 total
Exercise: $38.58Exp: 2032-03-14→ Common Stock (1,698 underlying)
Tax Payment
Common Stock
2025-07-01$39.64/sh−3,437$136,243→ 360,206 total
Disposition to Issuer
Option (Right to Buy)
2025-07-01−2,810→ 0 total
Exercise: $29.84Exp: 2029-03-19→ Common Stock (2,810 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2025-07-01−2,046→ 0 total
Exercise: $32.73Exp: 2031-03-15→ Common Stock (2,046 underlying)
Disposition to Issuer
Common Stock
2025-07-01−49,164.399→ 0 total(indirect: By Trust)
Disposition to Issuer
Option (Right to Buy)
2025-07-01−2,157→ 0 total
Exercise: $30.46Exp: 2027-03-20→ Common Stock (2,157 underlying)

Footnotes (3)

[F1]In accordance with the Merger Agreement, all unvested shares of restricted stock automatically vested in full at the Effective Time (as defined in the Merger Agreement) to the extent not previously forfeited, and was considered outstanding shares of Enterprise common entitled to receive the Merger Consideration (as defined in the Merger Agreement).
[F2]Pursuant to the Agreement and Plan of Merger, dated as of December 8, 2024 (the "Merger Agreement"), by and among Enterprise Bancorp, Inc. ("Enterprise"), Enterprise Bank and Trust Company, Independent Bank Corp. ("Independent") and Rockland Trust Company, each issued and outstanding share of Enterprise common stock was converted into the right to receive (i) $2.00 in cash and (ii) 0.60 shares of Independent common stock (subject to the payment of cash in lieu of fractional shares).
[F3]In accordance with the Merger Agreement, each option to purchase Issuer common stock, whether vested or unvested, automatically converted to the right to receive a cash payment equal to (i) the number of shares of Enterprise common stock provided for in such option and (ii) the excess, if any, of the Per Share Cash Equivalent Consideration (as defined in the Merger Agreement) over the exercise price per share of Enterprise common stock provided for in such option, which cash payment was made without interest and was net of all applicable withholding taxes.

Documents

1 file

ENTERPRISE BANCORP INC /MA/

CIK 0001018399

Entity typeother