1st United Bancorp, Inc. 4
4 · 1st United Bancorp, Inc. · Filed Nov 3, 2014
Insider Transaction Report
Form 4
Berliner Paula
Director
Transactions
- Disposition to Issuer
Common Stock
2014-10-31−78,937→ 0 total(indirect: By Trust) - Disposition to Issuer
Employee Stock Options (right to buy)
2014-10-31−4,000→ 0 totalExercise: $5.90Exp: 2022-02-28→ Common Stock (4,000 underlying) - Disposition to Issuer
Employee Stock Options (right to buy)
2014-10-31−4,000→ 0 totalExercise: $6.08Exp: 2023-02-28→ Common Stock (4,000 underlying) - Disposition to Issuer
Employee Stock Options (right to buy)
2014-10-31−4,000→ 0 totalExercise: $7.70Exp: 2024-02-28→ Common Stock (4,000 underlying) - Disposition to Issuer
Common Stock
2014-10-31−89,000→ 0 total
Footnotes (5)
- [F1]Disposed of pursuant to Agreement and Plan of Merger by and between issuer and Valley National Bancorp dated May 7, 2014, in exchange for 79,210 shares of Valley National Bancorp common stock having a market value of $9.98 per share on the effective date of the merger.
- [F2]Disposed of pursuant to Agreement and Plan of Merger by and between issuer and Valley National Bancorp dated May 7, 2014, in exchange for 70,253 shares of Valley National Bancorp common stock having a market value of $9.98 per share on the effective date of the merger.
- [F3]This option, which provided for vesting in ten equal installments beginning February 28, 2013, was canceled in the merger in exchange for a cash payment of $10,160 representing the difference between the exercise price of the option and the average closing price of 1st United Bancorp, Inc. common stock on the twenty (20) trading days ending on October 24, 2014 ($8.44 per share).
- [F4]This option, which provided for vesting in ten equal installments beginning February 28, 2014, was canceled in the merger in exchange for a cash payment of $9,440 representing the difference between the exercise price of the option and the average closing price of 1st United Bancorp, Inc. common stock on the twenty (20) trading days ending on October 24, 2014 ($8.44 per share).
- [F5]This option, which provided for vesting in ten equal installments beginning February 28, 2015, was canceled in the merger in exchange for a cash payment of $2,960 representing the difference between the exercise price of the option and the average closing price of 1st United Bancorp, Inc. common stock on the twenty (20) trading days ending on October 24, 2014 ($8.44 per share).