MID-STATE BANCSHARES 4
4 · MID-STATE BANCSHARES · Filed Mar 2, 2005
Insider Transaction Report
Form 4
SACKRIDER HARRY H
EVP/Chief Credit Officer
Transactions
- Other
Common Stock
2005-02-16$27.58/sh+7,433$205,002→ 0 total(indirect: By Company)Exercise: $27.58From: 2006-02-16Exp: 2015-02-16→ Common Stock (7,433 underlying)
Footnotes (3)
- [F1]7,433 shares granted as an incentive stock option under the 1996 stock option plan.Due to the $100K limitation, 5,294 shares were issued as a non-qualified option and 2,139 shares were issued as an incentive option.
- [F2]Shares granted at closing market value for MDST as of 2/16/2005.
- [F3]Under the terms of the Company's 1996 Stock Option Plan, this grant vests 20% per year on the anniversary date of the grant for five (5) years at which time the options become 100% vested. The Optionee has another five (5) years from the 100% vesting anniversary date to exercise the shares in accordance with the terms and conditions of the Company's Plan.