4//SEC Filing
PARTNERS TRUST FINANCIAL GROUP INC 4
Accession 0001163345-07-000104
CIK 0001163345operating
Filed
Dec 2, 7:00 PM ET
Accepted
Dec 3, 3:11 PM ET
Size
23.8 KB
Accession
0001163345-07-000104
Insider Transaction Report
Form 4
Estrella Amie
SVP, CFO & Corporate Secretary
Transactions
- Disposition to Issuer
Incentive Stock Option (right to buy)
2007-11-30$18.00/sh−19,502$351,036→ 15,500 totalExercise: $18.00Exp: 2014-03-01→ Common Stock (19,502 underlying) - Disposition to Issuer
Common Stock
2007-11-30−4,056→ 0 total(indirect: by ESOP) - Disposition to Issuer
Incentive Stock Option (right to buy)
2007-11-30$11.34/sh−6,730$76,318→ 0 totalExercise: $11.34Exp: 2017-02-28→ Common Stock (6,730 underlying) - Disposition to Issuer
Incentive Stock Option (right to buy)
2007-11-30$11.15/sh−5,000$55,750→ 7,500 totalExercise: $11.15Exp: 2016-06-28→ Common Stock (5,000 underlying) - Disposition to Issuer
Non-qualified stock (right to buy)
2007-11-30$11.34/sh−770$8,732→ 6,730 totalExercise: $11.34Exp: 2017-02-28→ Common Stock (770 underlying) - Disposition to Issuer
Common Stock
2007-11-30−417→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Common Stock
2007-11-30−126→ 0 total(indirect: By Spouse) - Disposition to Issuer
Common Stock
2007-11-30−390→ 0 total - Disposition to Issuer
Incentive Stock Option (right to buy)
2007-11-30$9.99/sh−3,000$29,970→ 12,500 totalExercise: $9.99Exp: 2014-07-27→ Common Stock (3,000 underlying)
Footnotes (10)
- [F1]Disposed of pursuant to the merger agreement between issuer, M&T Bank Corporation and MTB One, Inc. pursuant to which each share is being exchanged, at the election of the holder, for either $12.50 in cash or 0.142 of a share of M&T Bank Corporation common stock, subject to proration and adjustment to ensure that the aggregate consideration in the merger will be paid 50% in cash and 50% in shares of M&T Bank Corporation common stock. On November 30, 2007, the effective date of the merger, the closing price per share of M&T Bank Corporation common stock was $90.96 per share.
- [F10]This option, which provided for vesting in 5 equal annual installments beginning 2/28/2008, was cancelled in the merger in exchange for a right to receive an amount in cash (less any applicable taxes to be deducted and withheld) equal to $7,806.80, representing the excess, if any, of $12.50 over the per share exercise price of the option times the number of shares of the issuer's common stock subject to the option.
- [F2]Amount of securities beneficially owned following reported transaction(s): 0 - direct; 417 - indirect by 401-K; 4,056 - indirect by ESOP; 126 - indirect by husband
- [F3]Amount of securities beneficially owned following reported transaction(s): 0 - direct; 0 - indirect by 401-K; 4,056 - indirect by ESOP; 126 - indirect by husband
- [F4]Amount of securities beneficially owned following reported transaction(s): 0 - direct; 0 - indirect by 401-K; 0 - indirect by ESOP; 126 - indirect by husband
- [F5]Amount of securities beneficially owned following reported transaction(s): 0 - direct; 0 - indirect by 401-K; 0 - indirect by ESOP; 0 - indirect by husband
- [F6]This option, which provided for vesting in 5 equal annual installments beginning 3/1/2005, was cancelled in the merger in exchange for a right to receive an amount in cash (less any applicable taxes to be deducted and withheld) equal to $0, representing the excess, if any, of $12.50 over the per share exercise price of the option times the number of shares of the issuer's common stock subject to the option.
- [F7]This option, which provided for vesting in 5 equal annual installments beginning 7/27/2005, was cancelled in the merger in exchange for a right to receive an amount in cash (less any applicable taxes to be deducted and withheld) equal to $7,530.00, representing the excess, if any, of $12.50 over the per share exercise price of the option times the number of shares of the issuer's common stock subject to the option.
- [F8]This option, which provided for vesting in 5 equal annual installments beginning 6/28/2007, was cancelled in the merger in exchange for a right to receive an amount in cash (less any applicable taxes to be deducted and withheld) equal to $6,750.00, representing the excess, if any, of $12.50 over the per share exercise price of the option times the number of shares of the issuer's common stock subject to the option.
- [F9]This option, which provided for vesting in 5 equal annual installments beginning 2/28/2008, was cancelled in the merger in exchange for a right to receive an amount in cash (less any applicable taxes to be deducted and withheld) equal to $893.20, representing the excess, if any, of $12.50 over the per share exercise price of the option times the number of shares of the issuer's common stock subject to the option.
Documents
Issuer
PARTNERS TRUST FINANCIAL GROUP INC
CIK 0001163345
Entity typeoperating
Related Parties
1- filerCIK 0001163345
Filing Metadata
- Form type
- 4
- Filed
- Dec 2, 7:00 PM ET
- Accepted
- Dec 3, 3:11 PM ET
- Size
- 23.8 KB