PARK RICHARD L 4
4 · LOCAL FINANCIAL CORP /NV · Filed Jun 18, 2004
Insider Transaction Report
Form 4
PARK RICHARD L
Executive Vice President
Transactions
- Disposition to Issuer
Stock Option
2004-06-18$12.00/sh−20,000$240,000→ 0 totalExercise: $10.00Exp: 2010-08-23→ Common Stock (20,000 underlying) - Disposition to Issuer
Stock Option
2004-06-18$12.00/sh−25,000$300,000→ 0 totalExercise: $10.00Exp: 2008-09-23→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option
2004-06-18$12.00/sh−5,000$60,000→ 0 totalExercise: $10.00Exp: 2009-11-17→ Common Stock (5,000 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.