PENMAN DENNIS 4
4 · GREAT LAKES BANCORP INC · Filed May 1, 2006
Insider Transaction Report
Form 4
PENMAN DENNIS
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2006-05-01−1,200→ 0 totalExercise: $10.00Exp: 2012-12-01→ Common Stock (1,200 underlying) - Disposition to Issuer
Common Stock
2006-05-01−5,000→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2006-05-01−1,000→ 0 totalExercise: $10.00Exp: 2010-06-27→ Common Stock (1,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to merger agreement between issuer and Bay View Capital Corp. in exchange for 5,436.50 shares of Bay View Capital Corp. common stock having a market value of $20.00 per share on the effective date of the merger.
- [F2]This option was assumed by Bay View Capital Corp. in the merger and replaced with an option to purchase 1,087 shares of Bay View Capital Corp. common stock for $9.20 per share.
- [F3]This option was assumed by Bay View Capital Corp. in the merger and replaced with an option to purchase 1,305 shares of Bay View Capital Corp. common stock for $9.20 per share.