LEWIS J CURTIS III 4

Accession 0001181431-12-065691

CIK 0000860519other

View on SEC.gov Company Profile

Filed

Dec 17, 7:00 PM ET

Accepted

Dec 18, 5:54 PM ET

Size

38.2 KB

Accession

0001181431-12-065691

Insider Transaction Report

Form 4

Period: 2003-10-31

SAVANNAH BANCORP INCSAVB

LEWIS J CURTIS III

Director

Transactions

Disposition to Issuer
Common Stock
2012-12-13−94,378→ 0 total
Award
Stock Option
2006-04-20+915→ 915 total
Exercise: $28.56Exp: 2016-04-20→ Common Stock (915 underlying)
Award
Stock Option
2008-04-24+899→ 899 total
Exercise: $17.44Exp: 2018-04-24→ Common Stock (899 underlying)
Disposition to Issuer
Stock Option
2012-12-13−501→ 0 total
Exercise: $25.70Exp: 2017-04-23→ Common Stock (501 underlying)
Award
Stock Option
2007-04-23+501→ 501 total
Exercise: $25.70Exp: 2017-04-23→ Common Stock (501 underlying)
Award
Stock Option
2010-04-22+808→ 808 total
Exercise: $11.25Exp: 2020-04-22→ Common Stock (808 underlying)
Award
Deferred Stock Units
2003-10-31+18,253.59→ 18,253.59 total
→ Common Stock (18,253.59 underlying)
Disposition to Issuer
Deferred Stock Units
2012-12-13−18,253.59→ 0 total
→ Common Stock (18,253.59 underlying)
Disposition to Issuer
Stock Option
2012-12-13−899→ 0 total
Exercise: $17.44Exp: 2018-04-24→ Common Stock (899 underlying)
Disposition to Issuer
Common Stock
2012-12-13−65,533→ 0 total(indirect: By immediate family member)
Award
Stock Option
2005-04-21+628→ 628 total
Exercise: $22.76Exp: 2015-04-21→ Common Stock (628 underlying)
Award
Stock Option
2009-04-23+1,700→ 1,700 total
Exercise: $8.74Exp: 2019-04-23→ Common Stock (1,700 underlying)
Disposition to Issuer
Stock Option
2012-12-13−915→ 0 total
Exercise: $28.56Exp: 2016-04-20→ Common Stock (915 underlying)
Disposition to Issuer
Stock Option
2012-12-13−808→ 0 total
Exercise: $11.25Exp: 2020-04-22→ Common Stock (808 underlying)
Disposition to Issuer
Common Stock
2012-12-13−193,547→ 0 total(indirect: By corporation)
Disposition to Issuer
Stock Option
2012-12-13−628→ 0 total
Exercise: $22.76Exp: 2015-04-21→ Common Stock (628 underlying)
Disposition to Issuer
Stock Option
2012-12-13$0.72/sh−1,700$1,224→ 0 total
Exercise: $8.74Exp: 2019-04-23→ Common Stock (1,700 underlying)

Footnotes (6)

[F1]Includes 18,430 shares held by the reporting person's IRA and money purchase retirement plan.
[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 88,471 shares of SCBT common stock have a market value of $39.40 per share on the effective date of the merger.
[F3]Shares are owned beneficially and of record by Lewis Broadcasting Corporation. The reporting person is President of Lewis Broadcasting Corporation and therefore may be deemed to have shared voting and investment power over the issuer shares owned by Lewis Broadcasting Corporation. The reporting person disclaims beneficial ownership of such shares.
[F4]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.
[F5]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.
[F6]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 4,569 SCBT 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

1 file

4
rrd363872.xmlPrimary
FORM 4

Issuer

SAVANNAH BANCORP INC

CIK 0000860519

→

Entity typeother

Related Parties

filerCIK 0001181908

Filing Metadata

Form type: 4
Filed: Dec 17, 7:00 PM ET
Accepted: Dec 18, 5:54 PM ET
Size: 38.2 KB

View on SEC.gov