CULP CLYDE E III 4
4 · ANNAPOLIS BANCORP INC · Filed Apr 8, 2013
Insider Transaction Report
Form 4
CULP CLYDE E III
Director
Transactions
- Other
Common Stock
2013-04-06−8,787→ 0 total - Other
Stock option - (right to buy)
2013-04-06−8,888→ 0 totalExercise: $9.30Exp: 2015-06-17→ Common Stock (8,888 underlying)
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Merger between F.N.B. Corporation ("FNB") and the Issuer, dated October 22, 2012 ("Merger Agreement").
- [F2]Disposed of pursuant to the Merger Agreement in exchange for 10,043 shares of FNB common stock having a market value of $11.77 per share on the effective date of the merger.
- [F3]Option granted under the Annapolis National Bancorp, Inc. 2000 Stock Incentive Plan vested in five equal annual installments commencing on June 17, 2006.
- [F4]This option was assumed by FNB in the merger and replaced with an option to purchase 10,158 shares of FNB common stock for $11.77 per share.