MCELREATH DAYNA 4
4 · TEXAS UNITED BANCSHARES INC · Filed Feb 2, 2007
Insider Transaction Report
Form 4
MCELREATH DAYNA
Pres. of Mortgage Div. of Bank
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2007-01-31−2,000→ 0 totalExercise: $17.99Exp: 2014-11-04→ Common Stock (2,000 underlying) - Disposition to Issuer
Common Stock
2007-01-31−6,725→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2007-01-31−2,500→ 0 totalExercise: $18.00Exp: 2015-03-24→ Common Stock (2,500 underlying)
Footnotes (3)
- [F1]Dipsosed of pursuant to the merger agreement between the issuer and Prosperity Bancshares, Inc. in exchange for 6,725 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 November 4, 2004, was assumed by Prosperity Bancshares, Inc. in the merger and converted into an option to purchase 2,000 shares of Prosperity common stock for $17.99 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 March 24, 2005, was assumed by Prosperity Bancshares, Inc. in the merger and converted into an option to purchase 2,500 shares of Prosperity common stock for $18.00 per share and became fully vested pursuant to the terms of the merger agreement.