INTERVEST BANCSHARES CORP 4
4 · INTERVEST BANCSHARES CORP · Filed Feb 10, 2015
Insider Transaction Report
Form 4
Tonne Robert W
V P - Chief Credit Officer
Transactions
- Disposition to Issuer
Stock option (right to buy)
2015-02-06−2,100→ 0 totalExercise: $2.55Exp: 2021-12-08→ Common Stock (2,100 underlying) - Disposition to Issuer
Stock option (right to buy)
2015-02-06−1,800→ 0 totalExercise: $3.00Exp: 2020-12-09→ Common Stock (1,800 underlying) - Disposition to Issuer
Stock Appreciation Rights
2015-02-09−7,600→ 0 totalExercise: $7.65Exp: 2019-01-23→ Common Stock (7,600 underlying) - Disposition to Issuer
Common Stock
2015-02-10−20,400→ 0 total
Footnotes (4)
- [F1]Disposed of pursuant to merger agreement between Issuer and Bank of the Ozarks, Inc. in exchange for 6,148 shares of Ozarks common stock having a market value of $35.93 per share on the effective date of the merger, plus cash in lieu of fractional shares.
- [F2]This option, which was fully vested, was disposed of pursuant to the Issuer's tender offer for outstanding stock options, pursuant to a Schedule TO filed by the Issuer on December 23, 2014, for a price of $7.21 per underlying share (equal to the spread between the per share exercise price and the merger purchase price of $10.21 per share).
- [F3]This option, which was fully vested, was disposed of pursuant to the Issuer's tender offer for outstanding stock options, pursuant to a Schedule TO filed by the Issuer on December 23, 2014, for a price of $7.66 per underlying share (equal to the spread between the per share exercise price and the merger purchase price of $10.21 per share).
- [F4]The stock appreciation rights (SARs) were granted pursuant to the Issuer's 2013 Equity Incentive Plan and were scheduled to vest one third vest on each of the first, second and third anniversaries of the grant date, provided the reporting person remained employed by the Company, but became fully vested in connection with the merger. The SARs were canceled in connection with the merger agreement between Issuer and Bank of the Ozarks, Inc. in exchange for a cash payment equal to $2.56 per underlying share (equal to the spread between the per share exercise price and the merger purchase price of $10.21 per share).