4//SEC Filing
STRAMM R STEPHEN 4
Accession 0001181431-12-065202
CIK 0000860519other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 6:26 PM ET
Size
13.6 KB
Accession
0001181431-12-065202
Insider Transaction Report
Form 4
STRAMM R STEPHEN
Exec Vice President
Transactions
- Disposition to Issuer
Common Stock
2012-12-13−29,116→ 0 total - Award
Stock Option
2005-02-04+2,500→ 2,500 totalExercise: $22.20Exp: 2015-02-04→ Common Stock (2,500 underlying) - Disposition to Issuer
Stock Option
2012-12-13−3,125→ 0 totalExercise: $15.76Exp: 2013-10-22→ Common Stock (3,125 underlying) - Award
Stock Option
2003-10-22+3,125→ 3,125 totalExercise: $15.76Exp: 2013-10-22→ Common Stock (3,125 underlying) - Disposition to Issuer
Stock Option
2012-12-13−2,500→ 0 totalExercise: $22.20Exp: 2015-02-04→ Common Stock (2,500 underlying)
Footnotes (4)
- [F1]Includes 16,160 shares held in the reporting person's 401(k).
- [F2]Pursuant to the Agreement and Plan of Merger by and between the issuer and SCBT Financial Corporation ("SCBT"), dated as of August 7, 2012 (the "Merger Agreement"), each share of issuer common stock was converted into 0.2503 shares of SCBT common stock, for a total of 7,289 shares of SCBT common stock having a market value of $39.40 per share on the effective date of the merger.
- [F3]The option vested in five annual installments beginning on the grant date.
- [F4]Pursuant to the Merger Agreement, each issuer stock option was converted into the right to receive a cash payment equal to the product of (i) the excess, if any, of (A) the closing price per share of issuer common stock immediately prior to the effective time of the merger ($9.46) over (B) the per-share exercise price of such issuer stock option and (ii) the number of shares of issuer common stock subject to such issuer stock option. In the event that the product obtained by the prior sentence was zero or a negative number, then the issuer stock option was cancelled for no consideration.
Documents
Issuer
SAVANNAH BANCORP INC
CIK 0000860519
Entity typeother
Related Parties
1- filerCIK 0001182882
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 6:26 PM ET
- Size
- 13.6 KB