4//SEC Filing
BANCINSURANCE CORP 4
Accession 0001209191-10-059303
CIK 0000276400operating
Filed
Dec 8, 7:00 PM ET
Accepted
Dec 9, 1:20 PM ET
Size
16.6 KB
Accession
0001209191-10-059303
Insider Transaction Report
Form 4
SOKOL JOHN S
DirectorChairman, CEO and President10% Owner
Transactions
- Other
Common Shares
2010-12-09−297,626→ 0 total(indirect: By LLC) - Disposition to Issuer
Option to Purchase Common Shares
2010-12-08$3.29/sh−100,000$329,000→ 0 totalExercise: $5.21From: 2008-06-02Exp: 2013-06-01→ Common Shares (100,000 underlying) - Disposition to Issuer
Option to Purchase Common Shares
2010-12-08$1.46/sh−100,000$146,000→ 0 totalExercise: $7.04From: 2009-12-21Exp: 2014-12-20→ Common Shares (100,000 underlying) - Disposition to Issuer
Option to Purchase Common Shares
2010-12-08$4.00/sh−100,000$400,000→ 0 totalExercise: $4.50From: 2007-07-26Exp: 2012-07-25→ Common Shares (100,000 underlying) - Disposition to Issuer
Option to Purchase Common Shares
2010-12-08$2.50/sh−100,000$250,000→ 0 totalExercise: $6.00From: 2011-05-31Exp: 2016-05-30→ Common Shares (100,000 underlying)
Holdings
- 297,626(indirect: By LLC)
Common Shares
Footnotes (5)
- [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, 66,247 shares of the Issuer's common stock which the Reporting Person beneficially owned as custodian for his minor children were contributed to 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.
- [F3]In connection with the Merger, Falcon Equity Partners, L.P. ("Falcon") contributed 1,750,000 shares of the Issuer's common stock to Parent in exchange for equity interests in Parent. The Reporting Person holds, directly and indirectly as trustee of trusts for the benefit of the Si Sokol family, an approximate 50% economic interest in Falcon. The Reporting Person disclaims beneficial ownership of the shares held by Falcon except to the extent of the Reporting Person's pecuniary interest therein.
- [F4]In connection with the Merger, all shares of the Issuer's common stock held by Parent were cancelled and ceased to exist.
- [F5]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.
Documents
Issuer
BANCINSURANCE CORP
CIK 0000276400
Entity typeoperating
IncorporatedOH
Related Parties
1- filerCIK 0000276400
Filing Metadata
- Form type
- 4
- Filed
- Dec 8, 7:00 PM ET
- Accepted
- Dec 9, 1:20 PM ET
- Size
- 16.6 KB