MIDWEST BANC HOLDINGS INC 4
4 · MIDWEST BANC HOLDINGS INC · Filed Jul 8, 2005
Insider Transaction Report
Form 4
Costa Bruno P
Executive Vice President
Transactions
- Award
Common Stock
2005-07-07+2,000→ 6,500 total - Award
Stock Option (right to buy)
2005-07-07+3,000→ 3,000 totalExercise: $19.43Exp: 2015-07-01→ Common Stock (3,000 underlying)
Footnotes (2)
- [F1]The restricted stock award was approved by the Compensation Committee of the board of directors on June 28, 2005 and the named person was informed of this award on July 7, 2005. The restricted stock will vest on the fifth anniversary of issuance unless certain performance goals are achieved prior to the fifth anniversary. If the Compensation Committee determines that the performance goals have been met, the restricted stock will vest at that time. The named person will have voting and dividend rights with respect to the unvested shares of restricted stock.
- [F2]The stock options were approved by the Compensation Committee of the board of directors on June 28, 2005 and the named person was informed of this award on July 7, 2005. The options will vest on the fifth anniversary of issuance unless certain performance goals are achieved prior to the fifth anniversary. If the Compensation Committee determines that the performance goals have been met, the options will vest at that time. The option exercise price is the fair market value of the common stock of Midwest Banc Holdings, Inc. as of the date of the grant.