Noreen Margaret Ann 4
4 · BANCINSURANCE CORP · Filed Dec 9, 2010
Insider Transaction Report
Form 4
Noreen Margaret Ann
VP Technology (of Subsidiary)
Transactions
- Disposition to Issuer
Option to Purchase Common Shares
2010-12-08$2.50/sh−20,000$50,000→ 0 totalExercise: $6.00From: 2011-05-31Exp: 2016-05-30→ Common Shares (20,000 underlying) - Other
Common Shares
2010-12-09$8.50/sh−20,126$171,071→ 0 total
Footnotes (2)
- [F1]In connection with the merger of Fenist Acquistion Sub, Inc. ("Merger Sub") with and into the Issuer (the "Merger"), the shares of the Issuer's common stock held by the Reporting Person were converted into the right to receive $8.50 per share.
- [F2]In connection with the Merger, all outstanding options to purchase common stock of the Issuer were cancelled. The Issuer paid holders of the options an amount per share equal to the excess, if any, of (a) $8.50 over (b) the exercise price of such options.