4//SEC Filing
WEST COAST BANCORP /NEW/OR/ 4
Accession 0001144204-13-020033
CIK 0000717059operating
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 5:48 PM ET
Size
17.2 KB
Accession
0001144204-13-020033
Insider Transaction Report
Form 4
MCCLUNG KEVIN M
SVP and Controller
Transactions
- Disposition to Issuer
Common Stock
2013-04-01−2,914→ 0 total - Disposition to Issuer
Common Stock
2013-04-01−1→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Stock Option (right to buy)
2013-04-01−100→ 0 totalExercise: $137.50Exp: 2016-04-25→ Common Stock (100 underlying) - Disposition to Issuer
Stock Option (right to buy)
2013-04-01−210→ 0 totalExercise: $106.60Exp: 2014-04-20→ Common Stock (210 underlying) - Disposition to Issuer
Stock Option (right to buy)
2013-04-01−200→ 0 totalExercise: $103.20Exp: 2015-04-26→ Common Stock (200 underlying) - Disposition to Issuer
Stock Option (right to buy)
2013-04-01−110→ 0 totalExercise: $63.75Exp: 2018-04-22→ Common Stock (110 underlying)
Footnotes (6)
- [F1]1,689 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-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 244 vested options to purchase shares of Columbia common stock for $91.46 per share.
- [F4]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 233 vested options to purchase shares of Columbia common stock for $88.54 per share.
- [F5]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 116 vested options to purchase shares of Columbia common stock for $117.97 per share.
- [F6]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 128 vested options to purchase shares of Columbia common stock for $54.70 per share.
Documents
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, 5:48 PM ET
- Size
- 17.2 KB