4//SEC Filing
1st United Bancorp, Inc. 4
Accession 0001181431-14-035204
CIK 0001415277operating
Filed
Nov 2, 7:00 PM ET
Accepted
Nov 3, 11:48 AM ET
Size
19.4 KB
Accession
0001181431-14-035204
Insider Transaction Report
Form 4
Ostermayer Lawrence
Sr VP Credit Administration
Transactions
- Disposition to Issuer
Employee Stock Options (right to buy)
2014-10-31−13,500→ 0 totalExercise: $6.08Exp: 2023-02-28→ Common Stock (13,500 underlying) - Disposition to Issuer
Employee Stock Options (right to buy)
2014-10-31−7,000→ 0 totalExercise: $5.65Exp: 2019-10-29→ Common Stock (7,000 underlying) - Disposition to Issuer
Employee Stock Options (right to buy)
2014-10-31−15,000→ 0 totalExercise: $7.70Exp: 2024-02-28→ Common Stock (15,000 underlying) - Disposition to Issuer
Employee Stock Options (right to buy)
2014-10-31−2,000→ 0 totalExercise: $7.20Exp: 2019-05-01→ Common Stock (2,000 underlying) - Disposition to Issuer
Common Stock
2014-10-31−14,076→ 0 total - Disposition to Issuer
Employee Stock Options (right to buy)
2014-10-31−9,000→ 0 totalExercise: $6.91Exp: 2021-01-03→ Common Stock (9,000 underlying) - Disposition to Issuer
Employee Stock Options (right to buy)
2014-10-31−10,000→ 0 totalExercise: $5.90Exp: 2022-03-01→ Common Stock (10,000 underlying)
Footnotes (7)
- [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 12,527 shares of Valley National Bancorp common stock having a market value of $9.98 per share on the effective date of the merger.
- [F2]This option, which provided for vesting in seven equal installments beginning on the first anniversary of the respective stock grant date, was canceled in the merger in exchange for a cash payment of $2,480 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).
- [F3]This option, which provided for vesting in seven equal annual installments beginning on the first anniversary of the respective stock grant date, was canceled in the merger in exchange for a cash payment of $19,530 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 seven equal annual installments beginning on the first anniversary of the respective grant date, was canceled in the merger in exchange for a cash payment of $13,770 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 seven equal annual installments beginning on the first anniversary of the respective grant date, was canceled in the merger in exchange for a cash payment of $25,400 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).
- [F6]This option, which provided for vesting in seven equal annual installments beginning on the first anniversary of the respective grant date, was canceled in the merger in exchange for a cash payment of $31,860 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).
- [F7]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 $11,100 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).
Documents
Issuer
1st United Bancorp, Inc.
CIK 0001415277
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0001415277
Filing Metadata
- Form type
- 4
- Filed
- Nov 2, 7:00 PM ET
- Accepted
- Nov 3, 11:48 AM ET
- Size
- 19.4 KB