LEONE JOSEPH A 4
4 · LOCAL FINANCIAL CORP /NV · Filed Jun 18, 2004
Insider Transaction Report
Form 4
LEONE JOSEPH A
Director
Transactions
- Disposition to Issuer
Stock Option
2004-06-18$12.00/sh−5,000$60,000→ 0 totalExercise: $10.00Exp: 2010-08-23→ Common Stock (5,000 underlying) - Sale
Common Stock
2004-06-18$22.00/sh−5,000$110,000→ 0 total - Disposition to Issuer
Stock Option
2004-06-18$12.00/sh−10,000$120,000→ 0 totalExercise: $10.00Exp: 2008-09-23→ Common Stock (10,000 underlying)
Footnotes (1)
- [F1]At the effective time of the merger between the issuer and International Bancshares Corporation, this option became fully vested and exercisable and was canceled in exchange for a cash payment equal to the difference between the exercise price of the option and $22.00 times the number of shares underlying the option.