KENDRICK ROBERT E III 4
4 · ANNAPOLIS BANCORP INC · Filed Apr 8, 2013
Insider Transaction Report
Form 4
Transactions
- Other
Common Stock
2013-04-06−4,856→ 0 total - Other
Stock option - (right to buy)
2013-04-06−7,931→ 0 totalExercise: $8.77→ Common Stock (7,931 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 5,550 shares of FNB common stock having a market value of $11.77 per share on the effective date of the merger.
- [F3]Options granted under the Annapolis Bancorp, Inc. 2006 Stock Incentive Plan vest and expire as follows: (1) 1,066 shares are fully vested and will expire on May 18, 2014; (2) 1,740 shares are fully vested and will expire on May 18, 2015; (3) 3,020 shares are fully vested and will expire on May 18, 2016; and (4) 2,105 shares are fully vested and will expire on May 18, 2017.
- [F4]This option was assumed by FNB in the merger and replaced with an option to purchase 9,065 shares of FNB common stock for $11.77 per share.