4//SEC Filing
CURREN MEREDITH A 4
Accession 0001140361-12-001073
CIK 0001109525other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 9:06 PM ET
Size
26.6 KB
Accession
0001140361-12-001073
Insider Transaction Report
Form 4
CURREN MEREDITH A
Director
Transactions
- Exercise/Conversion
Common Stock
2012-01-01+160.81→ 2,460.81 total - Disposition to Issuer
Stock Option (right to buy)
2011-12-30$14.82/sh−500$7,410→ 0 totalExercise: $33.43From: 2004-11-19Exp: 2012-01-01→ Common Stock (500 underlying) - Disposition to Issuer
Common Stock
2012-01-01−2,300→ 0 total - Exercise/Conversion
Restricted Stock Unit
2012-01-01−160.81→ 0 total→ Common Stock (160.81 underlying) - Disposition to Issuer
Common Stock
2012-01-01$48.25/sh−160.81$7,759→ 2,300 total
Footnotes (10)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of April 19, 2011 (the "Merger Agreement"), between Bancorp Rhode Island, Inc. ("BancorpRI") and Brookline Bancorp, Inc. ("Brookline"). Pursuant to the Merger Agreement, in exchange for such BancorpRI common stock the reporting person received 4.686 shares of Brookline common stock rounded down to the nearest whole share, having a market value of $8.44 per share on 12/30/2011, for approximately 47.6% of their BancorpRI common stock and cash in the amount of $48.25 per share for the remaining 52.4% of the reporting person's BancorpRI common stock, plus cash for any fractional share based on the average closing price of Brookline common stock for the ten consecutive days ending on December 23, 2011, for total consideration of $101,449.96.
- [F10]Each Restricted Stock Unit is the economic equivalent of one share of BancorpRI common stock. The Restricted Stock Units vest on the earlier of the date immediately preceding the 2012 annual meeting of shareholders or a change in control. Accordingly, the Restricted Stock Units vested on 1/1/2012 in connection with the Merger and each Restricted Stock Unit was cancelled for cash in the amount of $48.25 per share for a total consideration of $7,759.08.
- [F2]The option was cancelled in connection with the merger of BancorpRI with and into Brookline pursuant to the terms of the Merger Agreement.
- [F3]The reporting person received $7,410.00 as consideration for the cancellation.
- [F4]The reporting person received $5,090.00 as consideration for the cancellation.
- [F5]The reporting person received $6,505.00 as consideration for the cancellation.
- [F6]The reporting person received $4,315.00 as consideration for the cancellation.
- [F7]The reporting person received $8,245.00 as consideration for the cancellation.
- [F8]The reporting person received $13,730.00 as consideration for the cancellation.
- [F9]The reporting person received $9,700.00 as consideration for the cancellation.
Documents
Issuer
BANCORP RHODE ISLAND INC
CIK 0001109525
Entity typeother
Related Parties
1- filerCIK 0001203194
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 9:06 PM ET
- Size
- 26.6 KB