4//SEC Filing
KWON HYUKMUN 4
Accession 0001144204-10-064320
CIK 0000747345other
Filed
Nov 30, 7:00 PM ET
Accepted
Dec 1, 4:04 PM ET
Size
9.9 KB
Accession
0001144204-10-064320
Insider Transaction Report
Form 4
KWON HYUKMUN
Director
Transactions
- Disposition to Issuer
Common Stock
2010-11-30−33,607→ 0 total
Footnotes (2)
- [F1]As of November 30, 2010, each of these shares of Smithtown Bancorp, Inc. common stock was converted into the right to receive either (a) approximately $3.77 in cash or (b) approximately 0.304 shares of People's United Financial, Inc. common stock pursuant to the Agreement and Plan of Merger, dated as of July 15, 2010, between Smithtown Bancorp, Inc. and People's United Financial, Inc. Under that Agreement, Smithtown Bancorp merged with and into People's United and ceased to exist as of November 30, 2010. The per-share consideration, delivered in either cash or People's United common stock, represents the sum of (a) $2.00 and (b) 0.143 times the average closing price of People's United common stock over the five consecutive trading days ending on November 29, 2010. The final per-share consideration is subject to verification by the exchange agent for the merger.
- [F2]Holders of Smithtown Bancorp common stock had the opportunity to elect to receive cash, People's United common stock or a mix of both in exchange for their Smithtown Bancorp common stock. The reporting person named above elected to receive cash for all indicated shares of Smithtown Bancorp common stock. However, some shares may be reallocated to People's United common stock as provided in the Agreement and Plan of Merger. For more information, see the Definitive Proxy Statement filed with the Commission by Smithtown Bancorp on October 14, 2010. Of the shares of Smithtown Bancorp common stock indicated above, 2,559 were, prior to the date hereof, restricted shares awarded under Smithtown Bancorp's equity compensation plans
Documents
Issuer
SMITHTOWN BANCORP INC
CIK 0000747345
Entity typeother
Related Parties
1- filerCIK 0001261820
Filing Metadata
- Form type
- 4
- Filed
- Nov 30, 7:00 PM ET
- Accepted
- Dec 1, 4:04 PM ET
- Size
- 9.9 KB