1st Century Bancshares, Inc. 4
4 · 1st Century Bancshares, Inc. · Filed Jul 5, 2016
Insider Transaction Report
Form 4
ZAX STANLEY R
Director
Transactions
- Disposition to Issuer
Common stock
2016-07-01$11.22/sh−38,391$430,747→ 0 total
Footnotes (4)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of March 10, 2016, among 1st Century Bancshares, Inc. (the "Company"), Midland Financial Co.("Midland") and MC 2016 Corp., a wholly-owned subsidiary of Midland (the "Merger Agreement").
- [F2]Includes restricted shares.
- [F3]Disposed of pursuant to the Merger Agreement in exchange for $11.22 for each share of the Company's common stock.
- [F4]Pursuant to the terms of the Merger Agreement, each restricted share of the Company held by the reporting person was cancelled and converted into the right to receive $11.22.