COMMERCIAL BANCSHARES INC \OH\ 4
4 · COMMERCIAL BANCSHARES INC \OH\ · Filed Feb 24, 2017
Insider Transaction Report
Form 4
BROWN SUSAN E
SVP Retail Banking
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2017-02-24$37.75/sh−1,200$45,300→ 0 totalExercise: $13.25From: 2013-08-12Exp: 2020-08-12→ Common Stock (1,200 underlying) - Disposition to Issuer
Stock Option (right to buy)
2017-02-24$33.60/sh−1,200$40,320→ 0 totalExercise: $17.40From: 2014-08-11Exp: 2021-08-11→ Common Stock (1,200 underlying) - Disposition to Issuer
Stock Option (Right to buy)
2017-02-24$23.60/sh−1,250$29,500→ 0 totalExercise: $27.40Exp: 2025-08-13→ Common Stock (1,250 underlying) - Disposition to Issuer
Common Stock
2017-02-24−2,428.292→ 0 total - Disposition to Issuer
Stock Option (Right to buy)
2017-02-24$38.70/sh−800$30,960→ 0 totalExercise: $12.30From: 2012-08-12Exp: 2019-08-12→ Common Stock (800 underlying) - Disposition to Issuer
Stock Option (Right to buy)
2017-02-24$29.65/sh−1,000$29,650→ 0 totalExercise: $21.35From: 2016-08-08Exp: 2023-08-08→ Common Stock (1,000 underlying) - Disposition to Issuer
Stock Option (Right to buy)
2017-02-24$31.72/sh−900$28,548→ 0 totalExercise: $19.28From: 2015-08-09Exp: 2022-08-09→ Common Stock (900 underlying) - Disposition to Issuer
Stock Option (Right to buy)
2017-02-24$26.53/sh−1,000$26,530→ 0 totalExercise: $24.47Exp: 2024-08-14→ Common Stock (1,000 underlying)
Footnotes (8)
- [F1]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 1,383.2919 of these shares in exchange for cash and 1,045 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.
- [F2]This option was disposed of in the merger in exchange for a cash payment of $40,320, representing the difference between the exercise price of the option and the cash consideration as provided for under the merger agreement between issuer and Fist Defiance Financial Corp. ($51.00).
- [F3]This option was disposed of in the merger in exchange for a cash payment of $45,300, representing the difference between the exercise price of the option and the cash consideration as provided for under the merger agreement between issuer and Fist Defiance Financial Corp. ($51.00).
- [F4]This option was disposed of in the merger in exchange for a cash payment of $30,960, representing the difference between the exercise price of the option and the cash consideration as provided for under the merger agreement between issuer and Fist Defiance Financial Corp. ($51.00).
- [F5]This option was disposed of in the merger in exchange for a cash payment of $28,548, representing the difference between the exercise price of the option and the cash consideration as provided for under the merger agreement between issuer and Fist Defiance Financial Corp. ($51.00).
- [F6]This option was disposed of in the merger in exchange for a cash payment of $29,650, representing the difference between the exercise price of the option and the cash consideration as provided for under the merger agreement between issuer and Fist Defiance Financial Corp. ($51.00).
- [F7]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 $26,530, 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).
- [F8]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 $29,500, 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).