Simmons Linda 4

Accession 0001140361-12-001081

CIK 0001109525other

View on SEC.gov Company Profile

Filed

Jan 3, 7:00 PM ET

Accepted

Jan 4, 9:10 PM ET

Size

47.4 KB

Accession

0001140361-12-001081

Insider Transaction Report

Form 4

Period: 2011-12-30

BANCORP RHODE ISLAND INCBARI

Simmons Linda

Chief Financial Officer

Transactions

Disposition to Issuer
Stock Option (right to buy)
2011-12-30$22.10/sh−15,714$347,279→ 0 total
Exercise: $26.15From: 2010-08-12Exp: 2012-01-01→ Common Stock (15,714 underlying)
Disposition to Issuer
Stock Option (right to buy)
2011-12-30$22.39/sh−3,000$67,170→ 0 total
Exercise: $25.86From: 2011-04-20Exp: 2012-01-01→ Common Stock (3,000 underlying)
Exercise/Conversion
Performance Share
2011-12-30−696→ 0 total
From: 2013-03-31Exp: 2013-03-13→ Common Stock (696 underlying)
Exercise/Conversion
Common Stock
2011-12-30+696→ 11,841 total
Disposition to Issuer
Common Stock
2011-12-30$48.25/sh−696$33,582→ 11,781 total
Disposition to Issuer
Common Stock
2011-12-30$48.25/sh−636$30,687→ 11,145 total
Disposition to Issuer
Stock Option (right to buy)
2011-12-30$15.36/sh−2,137$32,824→ 0 total
Exercise: $32.89From: 2009-04-22Exp: 2012-01-01→ Common Stock (2,137 underlying)
Disposition to Issuer
Stock Option (right to buy)
2011-12-30$13.36/sh−5,500$73,480→ 0 total
Exercise: $34.89From: 2007-04-06Exp: 2012-01-01→ Common Stock (5,500 underlying)
Disposition to Issuer
Stock Option (right to buy)
2011-12-30$4.80/sh−3,850$18,480→ 0 total
Exercise: $43.45From: 2008-04-24Exp: 2012-01-01→ Common Stock (3,850 underlying)
Disposition to Issuer
Stock Option (right to buy)
2011-12-30$13.93/sh−4,100$57,113→ 0 total
Exercise: $34.32From: 2008-12-18Exp: 2012-01-01→ Common Stock (4,100 underlying)
Exercise/Conversion
Common Stock
2011-12-30+636→ 12,477 total
Disposition to Issuer
Stock Option (right to buy)
2011-12-30$13.93/sh−680$9,472→ 0 total
Exercise: $34.32From: 2008-12-18Exp: 2012-01-01→ Common Stock (680 underlying)
Disposition to Issuer
Common Stock
2012-01-01−11,145→ 0 total
Disposition to Issuer
Stock Option (right to buy)
2011-12-30$12.75/sh−5,216$66,504→ 0 total
Exercise: $35.50From: 2005-09-16Exp: 2012-01-01→ Common Stock (5,216 underlying)
Disposition to Issuer
Stock Option (right to buy)
2011-12-30$10.27/sh−4,800$49,296→ 0 total
Exercise: $37.98From: 2006-04-08Exp: 2012-01-01→ Common Stock (4,800 underlying)
Disposition to Issuer
Stock Option (right to buy)
2011-12-30$11.71/sh−8,000$93,680→ 0 total
Exercise: $36.54From: 2006-07-19Exp: 2012-01-01→ Common Stock (8,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2011-12-30$12.75/sh−4,684$59,721→ 0 total
Exercise: $35.50From: 2005-09-16Exp: 2012-01-01→ Common Stock (4,684 underlying)
Exercise/Conversion
Performance Share
2011-12-30−636→ 0 total
From: 2014-03-31Exp: 2013-03-13→ Common Stock (636 underlying)
Disposition to Issuer
Stock Option (right to buy)
2011-12-30$17.71/sh−2,477$43,868→ 0 total
Exercise: $30.54From: 2011-12-22Exp: 2012-01-01→ Common Stock (2,477 underlying)
Disposition to Issuer
Stock Option (right to buy)
2011-12-30$13.93/sh−2,720$37,890→ 0 total
Exercise: $34.32From: 2008-12-18Exp: 2012-01-01→ Common Stock (2,720 underlying)
Disposition to Issuer
Stock Option (right to buy)
2011-12-30$15.36/sh−6,263$96,200→ 0 total
Exercise: $32.89From: 2009-04-22Exp: 2012-01-01→ Common Stock (6,263 underlying)

Footnotes (17)

[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 $491,591.58.
[F10]The reporting person received $93,680.00 as consideration for the cancellation.
[F11]The reporting person received $37,889.60 as consideration for the cancellation.
[F12]The reporting person received $9,472.40 as consideration for the cancellation.
[F13]The reporting person received $96,199.68 as consideration for the cancellation.
[F14]The reporting person received $32,824.32 as consideration for the cancellation.
[F15]The reporting person received $347,279.40 as consideration for the cancellation.
[F16]The reporting person received $67,170.00 as consideration for the cancellation.
[F17]Each Performance Share represented the contingent right to receive one share of BancorpRI common stock upon achieving certain performance goals. In connection with the Merger, each Performance Share was cancelled for cash in the amount of 48.25 per share, for total consideration of $64,269.
[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 $66,504.00 as consideration for the cancellation.
[F4]The reporting person received $73,480.00 as consideration for the cancellation.
[F5]The reporting person received $18,480.00 as consideration for the cancellation.
[F6]The reporting person received $57,113.00 as consideration for the cancellation.
[F7]The reporting person received $43,867.67 as consideration for the cancellation.
[F8]The reporting person received $59,721.00 as consideration for the cancellation.
[F9]The reporting person received $49,296.00 as consideration for the cancellation.

Documents

1 file

4
doc1.xmlPrimary
FORM 4

Issuer

BANCORP RHODE ISLAND INC

CIK 0001109525

→

Entity typeother

Related Parties

filerCIK 0001302623

Filing Metadata

Form type: 4
Filed: Jan 3, 7:00 PM ET
Accepted: Jan 4, 9:10 PM ET
Size: 47.4 KB

View on SEC.gov