PARTNERS TRUST FINANCIAL GROUP INC 4
4 · PARTNERS TRUST FINANCIAL GROUP INC · Filed Dec 3, 2007
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.