4//SEC Filing
COMMERCIAL BANCSHARES INC \OH\ 4
Accession 0001209191-17-014212
CIK 0001009976operating
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 1:49 PM ET
Size
10.7 KB
Accession
0001209191-17-014212
Insider Transaction Report
Form 4
Oboy Scott A
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2017-02-24−19,540.696→ 0 total - Disposition to Issuer
Stock Option (Right to buy)
2017-02-24$23.60/sh−1,334$31,482→ 0 totalExercise: $27.40Exp: 2025-08-13→ Common Stock (1,334 underlying) - Disposition to Issuer
Stock Option (Right to buy)
2017-02-24$26.53/sh−667$17,696→ 0 totalExercise: $24.47Exp: 2024-08-14→ Common Stock (667 underlying)
Footnotes (4)
- [F1]Includes 91.6899 shares acquired under the Issuer's dividend reinvestment plan covering dividends paid in the third and fourth quarters, 2016.
- [F2]Under the terms of the merger agreement with First Defiance Financial Corp., each shareholder of the Issuer has the right to elect to receive either $51.00 in cash or 1.1808 shares of First Defiance common stock (or a combination thereof) in exchange for each share of Issuer common owned. All elections are subject to certain adjustments under the merger agreement necessary to cause 80% of the total consideration to be paid in First Defiance Shares and the remaining 20% of the total consideration to be paid in cash. The insider has made an election to dispose of these shares in exchange for First Defiance Shares, but the adjustments required under the terms of the merger agreement have yet to be finalized.
- [F3]This option, which provided for vesting in three equal annual installments beginning August 14, 2015, was disposed of in the merger in exchange for a cash payment of $17,695.51, representing the difference between the exercise price of the option and the cash consideration as provided for under the merger agreement between issuer and First Defiance Financial Corp. ($51.00).
- [F4]This option, which provided for vesting in three equal annual installments beginning August 13, 2016, was disposed of in the merger in exchange for a cash payment of $31,482.40, representing the difference between the exercise price of the option and the cash consideration as provided for under the merger agreement between issuer and First Defiance Financial Corp. ($51.00).
Documents
Issuer
COMMERCIAL BANCSHARES INC \OH\
CIK 0001009976
Entity typeoperating
IncorporatedOH
Related Parties
1- filerCIK 0001009976
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 1:49 PM ET
- Size
- 10.7 KB