4//SEC Filing
RENNINGER JEFFREY H 4
Accession 0001140361-12-009538
CIK 0000740942other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 8:54 AM ET
Size
15.6 KB
Accession
0001140361-12-009538
Insider Transaction Report
Form 4
RENNINGER JEFFREY H
EVP, Chief Operating Officer
Transactions
- Disposition to Issuer
Common Stock
2012-02-17−23,644.042→ 0 total - Disposition to Issuer
Common Stock
2012-02-17−14,021.83→ 0 total(indirect: By ESOP) - Disposition to Issuer
Common Stock
2012-02-17−802.83→ 0 total(indirect: By son) - Disposition to Issuer
Employee Stock Option (right to buy)
2012-02-17−4,725→ 0 totalExercise: $22.22From: 2009-03-31Exp: 2017-06-26→ Common Stock (4,725 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2012-02-17−4,200→ 0 totalExercise: $30.96From: 2009-03-31Exp: 2018-07-17→ Common Stock (4,200 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2012-02-17−5,400→ 0 totalExercise: $26.77Exp: 2019-09-22→ Common Stock (5,400 underlying)
Footnotes (5)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger between Susquehanna Bancshares, Inc. ("Susquehanna") and issuer, dated June 20, 2011, as amended September 28, 2011 (the "Merger Agreement"), pursuant to which issuer was merged with and into Susquehanna (the "Merger"). Pursuant to the Merger, each share of issuer was exchanged for 3.4696 shares of Susquehanna common stock or $28.00, at each stockholder's election and subject to proration and allocation procedures described in the Merger Agreement. As a result of the Merger, the reporting person no longer beneficially owns directly or indirectly any shares of issuer common stock.
- [F2]Reflects allocation of shares under the Employee Stock Ownership Plan.
- [F3]The reporting owner disclaims beneficial ownership of these securities, and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of securities for any other purpose.
- [F4]Pursuant to the Merger Agreement, each option granted by issuer to purchase shares of issuer's common stock which was outstanding and unexercised immediately prior to the effective time of the Merger, automatically converted into a right to purchase shares of Susquehanna common stock, with the number of underlying shares and the exercise price determined per the Merger Agreement, and subject to the terms of the issuer's stock plans.
- [F5]Stock options granted pursuant to the 2007 Stock Incentive Plan vest in five equal annual installments commencing on September 22, 2010.
Documents
Issuer
TOWER BANCORP INC
CIK 0000740942
Entity typeother
Related Parties
1- filerCIK 0001460062
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 8:54 AM ET
- Size
- 15.6 KB