TEXAS REGIONAL BANCSHARES INC 4
4 · TEXAS REGIONAL BANCSHARES INC · Filed Nov 13, 2006
Insider Transaction Report
Form 4
LANE DAVID L
Director
Transactions
- Disposition to Issuer
Nonstatutory Stock Option (right to buy)
2006-11-10$38.90/sh−3,000$116,700→ 0 totalExercise: $28.49From: 2006-08-01Exp: 2016-04-15→ Class A Common Stock (3,000 underlying) - Disposition to Issuer
Nonstatutory Stock Option (right to buy)
2006-11-10$38.90/sh−11,000$427,900→ 0 totalExercise: $24.96From: 2005-08-01Exp: 2015-04-15→ Class A Common Stock (11,000 underlying) - Disposition to Issuer
Class A Common Stock
2006-11-10$38.90/sh−53,519$2,081,889→ 0 total - Disposition to Issuer
Class A Common Stock
2006-11-10$38.90/sh−3,300$128,370→ 0 total(indirect: By Trust) - Disposition to Issuer
Class A Common Stock
2006-11-10$38.90/sh−1,920$74,688→ 0 total(indirect: Held in Escrow)
Footnotes (1)
- [F1]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.