CHITTENDEN CORP /VT/ 4
4 · CHITTENDEN CORP /VT/ · Filed Jan 4, 2008
Insider Transaction Report
Form 4
SPERA PALL D
Director
Transactions
- Disposition to Issuer
Common Stock
2008-01-04−68,773→ 0 total - Disposition to Issuer
Stock Option
2008-01-04$35.64/sh−18,935$674,768→ 0 totalExercise: $27.91From: 2008-01-04Exp: 2008-01-11→ Common Stock (0 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to a merger agreement between the issuer and People's United Financial, Inc. dated June 26, 2007, in exchange for either $35.636 in cash or 2.0457 shares of Peoples's United common stock, depending on the election made by the reporting person and the pro-ration procedures descreibed in the merger agreement.
- [F2]This option, which was fully vested, was canceled in the merger in exchange for a cash payment, representing the excess of $35.636 over the per share exercise price of the option multiplied by the number of shares subject to the option.