Sy Tiffany R 4
4 · BANCORP RHODE ISLAND INC · Filed Jan 4, 2012
Insider Transaction Report
Form 4
Sy Tiffany R
Controller
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2011-12-30$29.25/sh−150$4,388→ 0 totalExercise: $19.00From: 2010-04-21Exp: 2012-01-01→ Common Stock (150 underlying) - Disposition to Issuer
Common Stock
2012-01-01−100→ 0 total
Footnotes (3)
- [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 $4,410.85.
- [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 $4387.50 as consideration for the cancellation.