F&M BANCORP 4
4 · F&M BANCORP · Filed Aug 14, 2003
Insider Transaction Report
Form 4
F&M BANCORPFMBN
PHOEBUS RICHARD W SR
Director
Transactions
- Tax Payment
Common Stock
2003-08-12$50.37/sh−179$9,016→ 20,316 total - Disposition to Issuer
Common Stock
2003-08-12−20,316→ 0 total - Disposition to Issuer
Common Stock
2003-08-12−571→ 0 total(indirect: By Spouse) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2003-08-12$23.27/sh−180$4,189→ 179 totalExercise: $27.10From: 2002-10-17Exp: 2012-04-17→ Common Stock (180 underlying) - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2003-08-12−179→ 0 totalExercise: $27.10From: 2002-10-17Exp: 2012-04-17→ Common Stock (179 underlying) - Exercise/Conversion
Common Stock
2003-08-12$27.10/sh+179$4,851→ 20,137 total
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of March 13, 2003, between issuer and Mercantile Bankshares Corporation. Each holder of shares of issuer common stock will be entitled to receive $50.3703 in cash, 1.2470 shares of Mercantile common stock or a combination thereof, subject to allocation provisions.
- [F2]Pursuant to each of the option agreements, as amended, governing such options, 50% of the option was surrendered to the issuer and each surrendered share was cancelled in exchange for the difference between $50.3703 and the exercise price per share.