BANC CORP 4
4 · BANC CORP · Filed Apr 22, 2005
Insider Transaction Report
Form 4
BANC CORPTBNC
KENT JAMES MAILON JR
Director
Transactions
- Award
Stock Option (right to buy)
2005-04-20+5,000→ 5,000 totalExercise: $9.96Exp: 2015-04-19→ Common Stock (5,000 underlying)
Footnotes (1)
- [F1]This option shall vest on the earlier of (a) the date on which the market value of The Banc Corporation's common stock (adjusted for any stock splits, dividends or changes in capital structure), based on an average of the last trade price of such common stock on the Nasdaq National Market for 15 consecutive trading days, is at least $12.00 per share, and (b) April 20, 2008.