Padget Hebert N JR 4

Accession 0001181431-07-000720

CIK 0000897509other

Filed

Jan 2, 7:00 PM ET

Accepted

Jan 3, 4:09 PM ET

Size

23.7 KB

Accession

0001181431-07-000720

Form 4

Period: 2006-12-08

DirectorExecutive Vice President

Transactions

Disposition to Issuer
Stock Option (right to buy)
2006-12-08$20.34/sh−9,600$195,264→ 0 total
Exercise: $5.16Exp: 2009-12-31→ Common Stock (9,600 underlying)
Disposition to Issuer
Common Stock
2006-12-08−4,416→ 0 total(indirect: By 401(k))
Disposition to Issuer
Common Stock
2006-12-08−2,704→ 0 total(indirect: By ESOP)
Disposition to Issuer
Stock Option (right to buy)
2006-12-08$9.14/sh−18,336$167,591→ 0 total
Exercise: $16.36Exp: 2015-12-28→ Common Stock (18,336 underlying)
Disposition to Issuer
Stock Option (right to buy)
2006-12-08$9.14/sh−1,664$15,209→ 0 total
Exercise: $16.36Exp: 2015-12-28→ Common Stock (1,664 underlying)
Disposition to Issuer
Stock Option (right to buy)
2006-12-08$19.25/sh−56,000$1,078,000→ 0 total
Exercise: $6.25Exp: 2008-08-19→ Common Stock (56,000 underlying)
Disposition to Issuer
Common Stock
2006-12-08−1,600→ 0 total(indirect: By Daughter)
Disposition to Issuer
Common Stock
2006-12-08−4,000→ 0 total(indirect: By Son)
Disposition to Issuer
Stock Option (right to buy)
2006-12-08$20.81/sh−4,800$99,888→ 0 total
Exercise: $4.69Exp: 2011-04-30→ Common Stock (4,800 underlying)
Disposition to Issuer
Common Stock
2006-12-08−46,214→ 0 total

Footnotes (6)

[F1]Disposed of pursuant to a merger agreement between issuer and RBC Centura Banks, Inc. in exchange for cash in the amount of $25.50 per share.
[F2]This option, which provided for vesting in three equal annual installments beginning December 28, 2005, was canceled in the merger in exchange for a cash payment of $167,591, representing the difference between the exercise price of the option and $25.50.
[F3]This option, which was fully vested on the grant date, was canceled in the merger in exchange for a cash payment of $15,208, representing the difference between the exercise price of the option and $25.50.
[F4]This option, which was fully vested on the grant date, was canceled in the merger in exchange for a cash payment of $1,078,000, representing the difference between the exercise price of the option and $25.50.
[F5]This option, which was fully vested on the grant date, was canceled in the merger in exchange for a cash payment of $99,888, representing the difference between the exercise price of the option and $25.50.
[F6]This option, which was fully vested on the grant date, was canceled in the merger in exchange for a cash payment of $195,264, representing the difference between the exercise price of the option and $25.50

Documents

1 file

FLAG FINANCIAL CORP

CIK 0000897509

Entity typeother