Byrne David B Jr 4
4 · COLONIAL BANCGROUP INC · Filed Aug 20, 2009
Insider Transaction Report
Form 4
Byrne David B Jr
Chief Legal Officer
Transactions
- Disposition to Issuer
Common Stock
2009-08-18−2,590→ 18,961 total - Disposition to Issuer
Common Stock
2009-08-18−7,676→ 29,227 total - Disposition to Issuer
Common Stock
2009-08-18−7,676→ 21,551 total - Disposition to Issuer
Common Stock
2009-08-18−2,590→ 16,371 total - Disposition to Issuer
Common Stock
2009-08-18−2,625→ 13,746 total
Holdings
- 4,848
Non-Qualified Stock Option (right to buy)
Exercise: $25.81From: 2008-01-16Exp: 2017-01-16→ Common Stock (12,120 underlying) - 1,000(indirect: By Spouse)
Common Stock
- 12,000
Incentive Stock Option (right to buy)
Exercise: $23.89From: 2007-01-18Exp: 2016-01-18→ Common Stock (20,000 underlying) - 6,508
Non-Qualified Stock Option (right to buy)
Exercise: $25.40From: 2007-04-18Exp: 2016-04-18→ Common Stock (10,846 underlying) - 7,738
Non-Qualified Stock Option (right to buy)
Exercise: $11.29From: 2009-01-15Exp: 2018-01-15→ Common Stock (38,690 underlying) - 522
Incentive Stock Option (right to buy)
Exercise: $25.40From: 2007-04-18Exp: 2016-04-18→ Common Stock (870 underlying)
Footnotes (3)
- [F1]2,170 options vest on the first anniversary of the grant date. The remaining 8,676 options will vest in four equal installments beginning two years from the date of grant.
- [F2]On August 14, 2009 the FDIC took Colonial Bank into receivership. The FDIC sold Colonial Bank and certain of its assets to BB&T. As a result, Mr. Byrne ceased being an employee of an affiliate of Colonial BancGroup at the close of business on August 14th and began employment with BB&T immediately thereafter. On August 18th, 2009, Mr. Byrne resigned from Colonial BancGroup, Inc. thereby causing the referenced restricted stock awards to cancel pursuant to the terms of the Colonial BancGroup, Inc. Stock Incentive Plan.
- [F3]Options vest in 5 equal installments, 20% annually beginning one year from the date of grant.