4//SEC Filing
GILL L CARLTON 4
Accession 0001181431-12-065689
CIK 0000860519other
Filed
Dec 17, 7:00 PM ET
Accepted
Dec 18, 5:53 PM ET
Size
36.2 KB
Accession
0001181431-12-065689
Insider Transaction Report
Form 4
GILL L CARLTON
Director
Transactions
- Disposition to Issuer
Stock Option
2012-12-13$0.72/sh−771$555→ 0 totalExercise: $8.74Exp: 2019-04-23→ Common Stock (771 underlying) - Award
Stock Option
2005-04-21+347→ 347 totalExercise: $22.76Exp: 2015-04-21→ Common Stock (347 underlying) - Award
Stock Option
2010-04-22+340→ 340 totalExercise: $11.25Exp: 2020-04-22→ Common Stock (340 underlying) - Disposition to Issuer
Stock Option
2012-12-13−435→ 0 totalExercise: $28.56Exp: 2016-04-20→ Common Stock (435 underlying) - Award
Stock Option
2006-04-20+435→ 435 totalExercise: $28.56Exp: 2016-04-20→ Common Stock (435 underlying) - Award
Stock Option
2007-04-23+217→ 217 totalExercise: $25.70Exp: 2017-04-23→ Common Stock (217 underlying) - Disposition to Issuer
Stock Option
2012-12-13−217→ 0 totalExercise: $25.70Exp: 2017-04-23→ Common Stock (217 underlying) - Disposition to Issuer
Common Stock
2012-12-13−110,024→ 0 total - Award
Stock Option
2008-04-24+409→ 409 totalExercise: $17.44Exp: 2018-04-24→ Common Stock (409 underlying) - Disposition to Issuer
Common Stock
2012-12-13−2,788→ 0 total(indirect: By Spouse) - Award
Stock Option
2009-04-23+771→ 771 totalExercise: $8.74Exp: 2019-04-23→ Common Stock (771 underlying) - Disposition to Issuer
Stock Option
2012-12-13−347→ 0 totalExercise: $22.76Exp: 2015-04-21→ Common Stock (347 underlying) - Disposition to Issuer
Stock Option
2012-12-13−409→ 0 totalExercise: $17.44Exp: 2018-04-24→ Common Stock (409 underlying) - Disposition to Issuer
Stock Option
2012-12-13−340→ 0 totalExercise: $11.25Exp: 2020-04-22→ Common Stock (340 underlying) - Award
Deferred Stock Units
2003-10-30+3,525.06→ 3,525.06 total→ Common Stock (3,525.06 underlying) - Disposition to Issuer
Deferred Stock Units
2012-12-13−3,525.06→ 0 total→ Common Stock (3,525.06 underlying)
Footnotes (5)
- [F1]Includes 5,146 shares held by Mr. Gill'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 28,237 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.
- [F5]Reflects amounts held in the reporting person's account accumulated over time and denominated in issuer common stock under the SAVB Deferred Stock Plan ("Issuer Deferred Stock Units"). Pursuant to the Merger Agreement, the Issuer Deferred Stock Units were converted into the right with respect to a number of shares of SCBT common stock that was equal to the number of Issuer Deferred Stock Units immediately prior to the effective time of the merger multiplied by 0.2503 (rounded to the nearest whole share), for a total of 882 Deferred Stock Units, and otherwise on the same terms and conditions as applied to such Issuer Deferred Stock Units immediately prior to the effective time of the merger. As of the effective time of the merger, SCBT assumed the obligations and succeeded to the rights of the issuer with respect to the Issuer Deferred Stock Units (as converted into SCBT Deferred Stock Units).
Documents
Issuer
SAVANNAH BANCORP INC
CIK 0000860519
Entity typeother
Related Parties
1- filerCIK 0001182015
Filing Metadata
- Form type
- 4
- Filed
- Dec 17, 7:00 PM ET
- Accepted
- Dec 18, 5:53 PM ET
- Size
- 36.2 KB