TEXAS UNITED BANCSHARES INC 4
4 · TEXAS UNITED BANCSHARES INC · Filed Feb 2, 2007
Insider Transaction Report
Form 4
GREEN MALVIN O
CCO of State Bank
Transactions
- Disposition to Issuer
Common Stock
2007-01-31−2,100→ 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 (2,100 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the merger agreement between the issuer and Prosperity Bancshares, Inc. in exchange for 2,100 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 20% 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.