TRUITT DAVID J 4
4 · WEST COAST BANCORP /NEW/OR/ · Filed Feb 16, 2010
Insider Transaction Report
Form 4
TRUITT DAVID J
Director
Transactions
- Disposition to Issuer
Common Stock
2010-02-12$2.40/sh−17,250$41,400→ 5,490 total - Exercise/Conversion
Common Stock
2010-02-12+17,250→ 22,740 total - Exercise/Conversion
Phantom Stock Units
2010-02-12−17,250→ 18,571.368 total→ Common Stock (17,250 underlying)
Footnotes (2)
- [F1]Each phantom stock unit was the economic equivalent of one share of West Coast Bancorp common stock. On February 12, 2010, 17,250 of the reporting person's phantom stock units were settled for cash.
- [F2]Phantom stock units may be settled for either cash or West Coast Bancorp common stock at termination of director status or upon date or dates designated by reporting person.