4//SEC Filing
1st United Bancorp, Inc. 4
Accession 0001181431-14-035207
CIK 0001415277operating
Filed
Nov 2, 7:00 PM ET
Accepted
Nov 3, 11:49 AM ET
Size
18.6 KB
Accession
0001181431-14-035207
Insider Transaction Report
Form 4
SCHUPP RUDY E
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Employee Stock Options (right to buy)
2014-10-31−70,000→ 0 totalExercise: $5.40Exp: 2019-10-06→ Common Stock (70,000 underlying) - Disposition to Issuer
Common Stock
2014-10-31−12,000→ 0 total(indirect: By IRA) - Disposition to Issuer
Employee Stock Options (right to buy)
2014-10-31−466,666→ 0 totalExercise: $5.40Exp: 2019-09-23→ Common Stock (466,666 underlying) - Disposition to Issuer
Employee Stock Options (right to buy)
2014-10-31−25,000→ 0 totalExercise: $6.50Exp: 2021-04-12→ Common Stock (25,000 underlying) - Disposition to Issuer
Employee Stock Options (right to buy)
2014-10-31−166,667→ 0 totalExercise: $6.50Exp: 2021-03-22→ Common Stock (166,667 underlying) - Disposition to Issuer
Employee Stock Options (right to buy)
2014-10-31−60,000→ 0 totalExercise: $7.00Exp: 2018-09-30→ Common Stock (60,000 underlying) - Disposition to Issuer
Common Stock
2014-10-31−146,819→ 0 total
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 130,668 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 10,680 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 September 23, 2010, was canceled in the merger in exchange for a cash payment of $86,400 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).
- [F4]This option, which provided for vesting in five equal installments beginning September 30, 2009, was canceled in the merger in exchange for a cash payment of $1,418,664.64 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 October 6, 2010, was canceled in the merger in exchange for a cash payment of $212,800 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 five equal installments beginning March 22, 2012, was canceled in the merger in exchange for a cash payment of $323,333.98 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 five equal installments beginning April 12, 2012, was canceled in the merger in exchange for a cash payment of $48,500 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, 11:49 AM ET
- Size
- 18.6 KB