MCILHANEY KENNETH K 4
4 · LOCAL FINANCIAL CORP /NV · Filed Jun 18, 2004
Insider Transaction Report
Form 4
MCILHANEY KENNETH K
Executive Vice President
Transactions
- Disposition to Issuer
Stock Option
2004-06-18$12.00/sh−13,000$156,000→ 0 totalExercise: $10.00Exp: 2010-08-23→ Common Stock (13,000 underlying) - Sale
Common Stock
2004-06-18$22.00/sh−1,000$22,000→ 0 total - Disposition to Issuer
Stock Option
2004-06-18$12.00/sh−7,000$84,000→ 0 totalExercise: $10.00Exp: 2010-03-10→ Common Stock (7,000 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.