HILL VERNON W II 4
4 · REPUBLIC FIRST BANCORP INC · Filed Jul 12, 2018
Insider Transaction Report
Form 4
HILL VERNON W II
Director
Transactions
- Conversion
Trust Preferred Securities
2018-03-29−6,000,000→ 0 totalExercise: $6.50→ Common Stock (923,076 underlying) - Conversion
Common Stock
2018-03-29$6.50/sh+923,076$5,999,994→ 2,123,150 total
Holdings
- 2,529,000(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]The Trust Preferred Securities were convertible into Common Stock at the option of the holder at a conversion price of $6.50 (I) at any time on or after the last day of any calendar quarter beginning with the quarter ending on June 30, 2008, if, as of such last day of such calendar quarter, the closing sale price of the Common Stock for at least 20 trading days in a period of 30 consecutive trading days ending on the last trading day of such calendar quarter is more than 110% of the conversion price in effect on the last day of such calendar quarter, (ii) upon a change of control of the issuer, (iii) at any time after June 30, 2009, and (iv) on the business day immediately preceding the date of repayment of such Trust Preferred Securities, whether at stated maturity or upon redemption. The Trust Preferred Securities were called for redemption effective March 31, 2018.
- [F2]The Trust Preferred Securities originally had a 30-year term and were called for redemption as of the close of business on March 31, 2018.