4//SEC Filing
Williams J. Harold 4
Accession 0001181431-10-018504
CIK 0001319327other
Filed
Mar 28, 8:00 PM ET
Accepted
Mar 29, 4:16 PM ET
Size
5.8 KB
Accession
0001181431-10-018504
Insider Transaction Report
Form 4
Williams J. Harold
Executive Vice President
Transactions
- Other
Common Stock
2010-03-25$8.38/sh+98,757$827,584→ 176,744 total
Footnotes (1)
- [F1]Represents payment of contingent merger consideration pursuant to the terms of the Agreement and Plan of Reorganization dated as of August 29, 2005 between Encore Bancshares, Inc.("Encore") and Linscomb & Williams, Inc.("L&W"), as amended (the "Agreement"). Upon satisfaction of certain conditions, the Agreement provides that the former shareholders of L&W be entitled to receive, no later than March 31, 2010, additional shares of Encore common stock, for no additional consideration. The number of shares issuable was determined pursuant to a formula set forth in the Agreement which provided that, for purposes of determining the number of shares issuable, Encore common stock would be valued at $8.38 per share. The reporting person's right to receive the additional shares became fixed and irrevocable on August 31, 2005, the effective date of the merger.
Issuer
Encore Bancshares Inc
CIK 0001319327
Entity typeother
Related Parties
1- filerCIK 0001406645
Filing Metadata
- Form type
- 4
- Filed
- Mar 28, 8:00 PM ET
- Accepted
- Mar 29, 4:16 PM ET
- Size
- 5.8 KB