4//SEC Filing
Banks Michael O 4
Accession 0001209191-11-058606
CIK 0001453820other
Filed
Nov 30, 7:00 PM ET
Accepted
Dec 1, 8:46 AM ET
Size
7.5 KB
Accession
0001209191-11-058606
Insider Transaction Report
Form 4
Banks Michael O
CFO & TREASURER
Transactions
- Disposition to Issuer
COMMON STOCK
2011-11-30$20.50/sh−37,997$778,939→ 0 total - Disposition to Issuer
OPTIONS TO PURCHASE COMMON STOCK
2011-11-30$5.67/sh−12,989$73,648→ 0 totalExercise: $14.83Exp: 2017-05-12→ COMMON STOCK (12,989 underlying)
Footnotes (3)
- [F1]Shares of Issuer common stock were canceled and converted pursuant to the Agreement and Plan of Merger dated September 7, 2011 (the "Merger Agreement"), by and among the Issuer, ACE American Insurance Company and Panther Acquisition Corp. ("Merger Sub"), providing for the merger of Merger Sub with and into the Issuer (the "Merger"), into the right to receive $20.50 in cash per share (the "Merger Consideration").
- [F2]Includes 2,197 shares allocated to the individual's account under the Employee Stock Ownership Plan (ESOP).
- [F3]All unvested options vested in full at the effective time of the Merger and were then canceled and converted into the right to receive a cash payment equal to the excess of (a) the Merger Consideration over (b) the exercise price payable with respect to such share of common stock subject to such options.
Documents
Issuer
PENN MILLERS HOLDING CORP
CIK 0001453820
Entity typeother
Related Parties
1- filerCIK 0001474705
Filing Metadata
- Form type
- 4
- Filed
- Nov 30, 7:00 PM ET
- Accepted
- Dec 1, 8:46 AM ET
- Size
- 7.5 KB