HUDSON CITY BANCORP INC 4
4 · HUDSON CITY BANCORP INC · Filed Nov 3, 2015
Insider Transaction Report
Form 4
McIntyre Kenneth A Jr
Senior Vice President
Transactions
- Disposition to Issuer
Common Stock, par value $0.01/share
2015-11-01−2,239→ 0 total(indirect: By ESOP) - Disposition to Issuer
Deferred Stock Units
2015-11-01−23,540→ 0 totalExercise: $0.00→ Common Stock (23,540 underlying)
Footnotes (3)
- [F1]Reflects ESOP allocations and distributions that have occurred since the date of the reporting person's last ownership report.
- [F2]Disposed of pursuant to the Merger Agreement. At the Effective Time, each issued and outstanding share of issuer common stock was converted into the right to receive (i) the Stock Consideration or (ii) $10.062172 in cash (equal to the product of 0.08403 and the average of the closing sale prices of M&T common stock on the NYSE for the ten trading days immediately preceding the closing date).
- [F3]Represents the number of shares issuable upon future settlement of Deferred Stock Units ("DSUs") granted on May 2, 2014. These DSUs were to vest upon 1) the satisfaction of certain performance measures and 2) continued service through a specified date. Pursuant to the Agreement and Plan of Merger by and among M&T Bank Corporation ("M&T"), issuer and Wilmington Trust Corporation ("Merger Sub"), dated August 27, 2012, as amended (the "Merger Agreement"), pursuant to which issuer was merged with and into Merger Sub, with Merger Sub surviving as a wholly owned subsidiary of M&T, effective 12:01 a.m. on November 1, 2015 (the "Effective Time"), at the Effective Time, these DSUs were automatically converted into the right to receive 0.08403 of a share of common stock, par value $0.50 per share, of M&T (the "Stock Consideration"), and the converted DSUs were assumed by M&T, subject to the same terms and conditions as applicable prior to the Effective Time.