MERCANTILE BANKSHARES CORP 4
4 · MERCANTILE BANKSHARES CORP · Filed Mar 23, 2007
Insider Transaction Report
Form 4
KELLY EDWARD J III
DirectorChairman, President and CEO
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2007-03-02−120,000→ 0 totalExercise: $34.15Exp: 2015-03-07→ Common Stock (120,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2007-03-02−74,999→ 0 totalExercise: $23.07Exp: 2013-04-01→ Common Stock (74,999 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2007-03-02−97,499→ 0 totalExercise: $30.17Exp: 2014-03-03→ Common Stock (97,499 underlying) - Disposition to Issuer
Common Stock
2007-03-02−259,489→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2007-03-02−7,499→ 0 totalExercise: $26.17Exp: 2011-03-01→ Common Stock (7,499 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2007-03-02−75,000→ 0 totalExercise: $29.99Exp: 2012-03-12→ Common Stock (75,000 underlying)
Footnotes (2)
- [F1]A combined total of 88,296 shares of Issuer's Common Stock, and 171,193 shares of Restricted Stock and units disposed of pursuant to merger agreement between Issuer and PNC Financial Services Group, Inc., on the basis of .4184 shares of PNC common stock and $16.45 in cash for each share of Issuer's Common Stock.
- [F2]This option was cancelled on March 2, 2007, the date of the merger of the Issuer into PNC for a cash payment of $47.49 less the exercise price of the Mercantile Option.