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4//SEC Filing

WEST COAST BANCORP /NEW/OR/ 4

Accession 0001144204-13-020032

CIK 0000717059operating
View on SEC.govCompany Profile

Filed

Apr 2, 8:00 PM ET

Accepted

Apr 3, 5:47 PM ET

Size

24.3 KB

Accession

0001144204-13-020032

Insider Transaction Report

Form 4
Period: 2013-04-01
WEST COAST BANCORP /NEW/OR/WCBO
MCKEOWN XANDRA T
Executive Vice President
Transactions
  • Disposition to Issuer

    Common Stock

    2013-04-01−285→ 0 total(indirect: By 401(k))
  • Disposition to Issuer

    Common Stock

    2013-04-01−9,676→ 0 total
  • Disposition to Issuer

    Stock Option (right to buy)

    2013-04-01−900→ 0 total
    Exercise: $81.20Exp: 2013-04-22→ Common Stock (900 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2013-04-01−890→ 0 total
    Exercise: $106.60Exp: 2014-04-20→ Common Stock (890 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2013-04-01−999→ 0 total
    Exercise: $103.20Exp: 2015-04-26→ Common Stock (999 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2013-04-01−580→ 0 total
    Exercise: $137.50Exp: 2016-04-25→ Common Stock (580 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2013-04-01−1,000→ 0 total
    Exercise: $63.75Exp: 2018-04-22→ Common Stock (1,000 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2013-04-01−1,380→ 0 total
    Exercise: $11.55Exp: 2019-04-28→ Common Stock (1,380 underlying)
  • Disposition to Issuer

    Phantom Stock

    2013-04-01−29→ 0 total
    From: 2013-04-01Exp: 2013-04-01→ Common Stock (29 underlying)
Footnotes (9)
  • [F1]4,804 of these shares represent restricted stock which became fully vested by virtue of the merger. All shares were cancelled and converted into the right to receive the Merger Consideration (defined below) pursuant to the Agreement and Plan of Merger, dated as of September 25, 2012, by and among Columbia Banking System, Inc. ("Columbia"), West Coast Bancorp ("West Coast"), and a wholly owned subsidiary of Columbia (the "Merger Agreement").
  • [F2]Pursuant to the terms of the Merger Agreement, the holder had the right to elect to receive consideration of either: (i) cash in an amount of $24.11 per share (the "Per Share Cash Consideration") for each share held, or (ii) a number of shares of Columbia common stock having a value equal to the Per Share Cash Consideration, or (iii) a mix of cash and Columbia common stock having a value equal to the Per Share Cash Consideration (the "Merger Consideration").
  • [F3]These options, which became exercisable as follows: one-third on April 22, 2004, one-third on April 22, 2005, and one-third on April 22, 2006, were cancelled in the merger in exchange for 1,049 vested options to purchase shares of Columbia common stock for $69.67 per share.
  • [F4]These options, which became exercisable as follows: one-fourth on April 20, 2005, one-fourth on April 20, 2006, one-fourth on April 20, 2007, and one-fourth on April 20, 2008, were cancelled in the merger in exchange for 1,037 vested options to purchase shares of Columbia common stock for $91.46 per share.
  • [F5]These options, which became exercisable as follows: one-half on April 26, 2005, one-sixth on April 26, 2007, one-sixth on April 26, 2008, and one-sixth on April 26, 2009, were cancelled in the merger in exchange for 1,164 vested options to purchase shares of Columbia common stock for $88.54 per share.
  • [F6]These options, which became exercisable as follows: one-fourth on April 25, 2007, one-fourth on April 25, 2008, one-fourth on April 25, 2009, and one-fourth on April 25, 2010, were cancelled in the merger in exchange for 676 vested options to purchase shares of Columbia common stock for $117.97 per share.
  • [F7]These options, which became exercisable as follows: one-fourth on April 22, 2009, one-fourth on April 22, 2010, one-fourth on April 22, 2011, and one-fourth on April 22, 2012, were cancelled in the merger in exchange for 1,165 vested options to purchase shares of Columbia common stock for $54.70 per share.
  • [F8]These options, which became exercisable as follows: one-half on April 28, 2010, and one-half on April 28, 2011, were cancelled in the merger in exchange for 1,608 vested options to purchase shares of Columbia common stock for $9.91 per share.
  • [F9]Contract right having value equivalent to the indicated number of underlying shares of West Coast common stock.

Documents

1 file

Issuer

WEST COAST BANCORP /NEW/OR/

CIK 0000717059

→
Entity typeoperating
IncorporatedOR

Related Parties

1
  • filerCIK 0000717059

Filing Metadata

Form type
4
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 5:47 PM ET
Size
24.3 KB
View on SEC.gov