4//SEC Filing
Miller Martin John Jr 4
Accession 0001171843-19-007808
CIK 0001253317other
Filed
Nov 24, 7:00 PM ET
Accepted
Nov 25, 1:58 PM ET
Size
10.4 KB
Accession
0001171843-19-007808
Insider Transaction Report
Form 4
Miller Martin John Jr
EVP, Chief Credit Officer
Transactions
- Disposition to Issuer
Stock options
2019-11-22−5,030→ 0 totalExercise: $17.75Exp: 2026-02-23→ Common Stock (5,030 underlying) - Disposition to Issuer
Stock options
2019-11-22−4,067→ 0 totalExercise: $14.38Exp: 2025-02-24→ Common Stock (4,067 underlying) - Disposition to Issuer
Common Stock
2019-11-22−7,500→ 0 total
Footnotes (4)
- [F1]On November 22, 2019, Old Line Bancshares, Inc. ("Old Line") completed its previously announced merger (the "Merger") with Wesbanco, Inc. ("Wesbanco"), pursuant to an Agreement and Plan of Merger, dated as of July 23, 2019, by and among Wesbanco, Wesbanco Bank, Inc, Old Line and Old Line Bank. In accordance with the terms of the Merger Agreement, at the effective time of the Merger each share of Old Line common stock issued an outstanding immediately prior to the Merger was converted into the right to receive 0.7844 of a share of common stock of Wesbanco ("Exchange Ratio") plus cash in lieu of any fractional share of Wesbanco common stock equal to the product of $37.81 and the fraction of a share to which such holder would otherwise have been entitled. On November 22, 2019, the effective date of the Merger, the closing price of Wesbanco common stock on the Nasdaq Global Select Market was $36.75 per share.
- [F2]The stock options vested in three equal installments beginning on February 25, 2016.
- [F3]All options were assumed by Wesbanco in the Merger and converted into an option to purchase the number of shares of Wesbanco common stock equal to the product of the number of shares of Old Line common stock subject to such option multiplied by the Exchange Ratio, at an exercise price equal to the quotient of the exercise price per share of Old Line common stock subject to such option divided by the Exchange Ratio.
- [F4]The stock options vested in three equal installments beginning on February 24, 2017.
Documents
Issuer
OLD LINE BANCSHARES INC
CIK 0001253317
Entity typeother
Related Parties
1- filerCIK 0001473964
Filing Metadata
- Form type
- 4
- Filed
- Nov 24, 7:00 PM ET
- Accepted
- Nov 25, 1:58 PM ET
- Size
- 10.4 KB