TEXAS UNITED BANCSHARES INC 4
4 · TEXAS UNITED BANCSHARES INC · Filed Feb 2, 2007
Insider Transaction Report
Form 4
STRICKLIN L DON
President and CEO
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2007-01-31−10,000→ 0 totalExercise: $17.41Exp: 2014-09-28→ Common Stock (10,000 underlying) - Disposition to Issuer
Employee Stock Option
2007-01-31−10,000→ 0 totalExercise: $18.65Exp: 2016-01-26→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock
2007-01-31−112,750→ 0 total
Footnotes (3)
- [F1]Disposed of pursuant to the merger agreement between the issuer and Prosperity Bancshares, Inc. in exchange for 112,750 shares of Prosperity common stock, having a market value of $35.00 per share on the effective date of the merger.
- [F2]This option, which provided for 33.33% annual vesting over a three year period begining on September 28, 2004, was assumed by Prosperity Bancshares, Inc. in the merger and converted into an option to purchase 10,000 shares of Prosperity common stock for $17.41 per share and became fully vested pursuant to the terms of the merger agreement.
- [F3]This option, which provided for 20% annual vesting over a five year period begining on January 26, 2006, was assumed by Prosperity Bancshares, Inc. in the merger and converted into an option to purchase 10,000 shares of Prosperity common stock for $18.65 per share and became fully vested pursuant to the terms of the merger agreement.