TEXAS REGIONAL BANCSHARES INC 4
4 · TEXAS REGIONAL BANCSHARES INC · Filed Nov 13, 2006
Insider Transaction Report
Form 4
Cahlik Dennis G
Controller
Transactions
- Disposition to Issuer
Nonstatutory Stock Option (right to buy)
2006-11-10$38.90/sh−550$21,395→ 0 totalExercise: $27.17Exp: 2015-04-15→ Class A Common Stock (550 underlying) - Disposition to Issuer
Nonstatutory Stock Option (right to buy)
2006-11-10$38.90/sh−750$29,175→ 0 totalExercise: $28.49Exp: 2016-04-15→ Class A Common Stock (750 underlying) - Disposition to Issuer
Incentive Stock Option (right to buy)
2006-11-10$38.90/sh−550$21,395→ 0 totalExercise: $27.17Exp: 2015-04-15→ Class A Common Stock (550 underlying) - Disposition to Issuer
Incentive Stock Option (right to buy)
2006-11-10$38.90/sh−750$29,175→ 0 totalExercise: $28.49Exp: 2016-04-15→ Class A Common Stock (750 underlying)
Footnotes (3)
- [F1]20% of the options become exercisable on August 1st of each year beginning August 1, 2006.
- [F2]20% of the options become exercisable on April 25th of each year beginning April 25, 2007.
- [F3]These options (whether vested or unvested) were exchanged for cash on the effective date of the merger in an amount equal to the excess of $38.90 per share over the strike price per share as contemplated by the Agreement and Plan of Merger dated June 12, 2006 between Texas Regional Bancshares, Inc. and Banco Bilbao Vizcaya Argentaria, S. A.