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4//SEC Filing

MORRISON MILLS LANE 4

Accession 0001181431-12-065288

CIK 0000860519other
View on SEC.govCompany Profile

Filed

Dec 16, 7:00 PM ET

Accepted

Dec 17, 8:25 PM ET

Size

32.6 KB

Accession

0001181431-12-065288

Insider Transaction Report

Form 4
Period: 2005-04-21
SAVANNAH BANCORP INCSAVB
MORRISON MILLS LANE
Director
Transactions
  • Award

    Stock Option

    2006-04-20+337→ 385 total
    Exercise: $28.56Exp: 2016-04-20→ Common Stock (337 underlying)
  • Award

    Stock Option

    2010-04-22+300→ 261 total
    Exercise: $11.25Exp: 2020-04-22→ Common Stock (300 underlying)
  • Disposition to Issuer

    Stock Option

    2012-12-13−337→ 0 total
    Exercise: $28.56Exp: 2016-04-20→ Common Stock (337 underlying)
  • Disposition to Issuer

    Common Stock

    2012-12-13−20,466→ 0 total(indirect: By Spouse)
  • Award

    Stock Option

    2005-04-21+311→ 351 total
    Exercise: $22.76Exp: 2015-04-21→ Common Stock (311 underlying)
  • Award

    Stock Option

    2009-04-23+642→ 702 total
    Exercise: $8.74Exp: 2019-04-23→ Common Stock (642 underlying)
  • Disposition to Issuer

    Stock Option

    2012-12-13$0.72/sh−642$462→ 0 total
    Exercise: $8.74Exp: 2019-04-23→ Common Stock (642 underlying)
  • Disposition to Issuer

    Common Stock

    2012-12-13−24,954→ 0 total(indirect: By Trust)
  • Disposition to Issuer

    Stock Option

    2012-12-13−300→ 0 total
    Exercise: $11.25Exp: 2020-04-22→ Common Stock (300 underlying)
  • Disposition to Issuer

    Common Stock

    2012-12-13−36,891→ 0 total
  • Award

    Stock Option

    2008-04-24+343→ 372 total
    Exercise: $17.44Exp: 2018-04-24→ Common Stock (343 underlying)
  • Disposition to Issuer

    Stock Option

    2012-12-13−160→ 0 total
    Exercise: $25.70Exp: 2017-04-23→ Common Stock (160 underlying)
  • Award

    Stock Option

    2007-04-23+160→ 188 total
    Exercise: $25.70Exp: 2017-04-23→ Common Stock (160 underlying)
  • Disposition to Issuer

    Stock Option

    2012-12-13−311→ 0 total
    Exercise: $22.76Exp: 2015-04-21→ Common Stock (311 underlying)
  • Disposition to Issuer

    Stock Option

    2012-12-13−343→ 0 total
    Exercise: $17.44Exp: 2018-04-24→ Common Stock (343 underlying)
Footnotes (4)
  • [F1]Includes 11,796 shares held by Mr. Morrison's IRA.
  • [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 20,602 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 25% on the grant date, 25% on the following July 1, 25% on the following October 1, and 25% on the following January 1.
  • [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

1 file

Issuer

SAVANNAH BANCORP INC

CIK 0000860519

→
Entity typeother

Related Parties

1
  • filerCIK 0001181909

Filing Metadata

Form type
4
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 8:25 PM ET
Size
32.6 KB
View on SEC.gov