WALTER MATTHEW D 4
4 · BANCINSURANCE CORP · Filed Dec 9, 2010
Insider Transaction Report
Form 4
WALTER MATTHEW D
Director
Transactions
- Disposition to Issuer
Option to Purchase Common Shares
2010-12-08$3.20/sh−2,000$6,400→ 0 totalExercise: $5.30From: 2003-06-04Exp: 2012-06-03→ Common Shares (2,000 underlying) - Disposition to Issuer
Option to Purchase Common Shares
2010-12-08$2.50/sh−2,000$5,000→ 0 totalExercise: $6.00From: 2004-06-03Exp: 2013-06-02→ Common Shares (2,000 underlying) - Disposition to Issuer
Option to Purchase Common Shares
2010-12-08$2.50/sh−2,000$5,000→ 0 totalExercise: $6.00From: 2007-07-19Exp: 2016-07-18→ Common Shares (2,000 underlying) - Disposition to Issuer
Option to Purchase Common Shares
2010-12-08$3.75/sh−2,000$7,500→ 0 totalExercise: $4.75From: 2009-07-31Exp: 2018-07-30→ Common Shares (2,000 underlying) - Disposition to Issuer
Option to Purchase Common Shares
2010-12-08$5.10/sh−2,000$10,200→ 0 totalExercise: $3.40From: 2010-07-27Exp: 2019-07-26→ Common Shares (2,000 underlying) - Disposition to Issuer
Option to Purchase Common Shares
2010-12-08$3.68/sh−2,000$7,360→ 0 totalExercise: $4.82From: 2002-05-31Exp: 2011-05-30→ Common Shares (2,000 underlying) - Disposition to Issuer
Option to Purchase Common Shares
2010-12-08$2.10/sh−2,000$4,200→ 0 totalExercise: $6.40From: 2008-05-30Exp: 2017-05-29→ Common Shares (2,000 underlying) - Other
Common Shares
2010-12-09−282,411→ 0 total(indirect: By LLC)
Holdings
- 282,411(indirect: By LLC)
Common Shares
Footnotes (3)
- [F1]In connection with the merger of Fenist Acquistion Sub, Inc. ("Merger Sub") with and into the Issuer (the "Merger"), the Reporting Person contributed these shares of the Issuer's common stock to Fenist, LLC ("Parent") in exchange for equity interests in Parent. This contribution did not alter the Reporting Person's ultimate pecuniary interest in the common stock of the Issuer.
- [F2]In connection with the Merger, all shares of the Issuer's common stock held by Parent were cancelled and ceased to exist.
- [F3]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.