Sutton Michael S 4
4 · American Community Bancorp, Inc. · Filed May 16, 2005
Insider Transaction Report
Form 4
Sutton Michael S
DirectorPresident and CEO
Transactions
- Purchase
Common Stock
2005-05-16$14.90/sh+950$14,155→ 11,950 total
Holdings
- 11,000
Common Stock
- 12,000
Options to purchase common stock
Exercise: $10.75→ Common Stock (12,000 underlying) - 2,000
Options to purchase common stock
Exercise: $10.00→ Common Stock (2,000 underlying)
Footnotes (4)
- [F1]Stock held in self-directed IRA, A. G. Edwards Custodian
- [F2]Options granted July 2001 at $10.00 per share vesting over a three year period 1/3 per year in 2002, 2004 and 2004. Options expire 10 years from date of grant.
- [F3]Options granted December 2003 at $10.75 per share vesting over a three year period 1/3 per year in 2004, 2005, and 2006. Options expire 10 years after the grant date. The options vest immediately upon a change in control.
- [F4]Stock held in self-directed IRA, Hilliard Lyons Custodian