4//SEC Filing
COMMERCIAL BANCSHARES INC \OH\ 4
Accession 0001209191-17-014636
CIK 0001009976operating
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 1:40 PM ET
Size
8.8 KB
Accession
0001209191-17-014636
Insider Transaction Report
Form 4
DILLON MARK E
Director
Transactions
- Disposition to Issuer
Common Stock
2017-02-24−29,573→ 0 total - Disposition to Issuer
Shares held under deferred compensation plan
2017-02-24−14,565.822→ 0 total(indirect: By Trust)→ Common Stock (14,565.822 underlying)
Footnotes (4)
- [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 5,914 of these shares in exchange for cash and 23,659 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]Each unit credited to participant under this plan is the economic equivalent of one of issuer's common shares.
- [F3]These shares are vested immediately and participant account balances are payable upon termination of service on the Company's Board of Directors.
- [F4]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 2,913.822 of these shares in exchange for cash and 11,652 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.
Documents
Issuer
COMMERCIAL BANCSHARES INC \OH\
CIK 0001009976
Entity typeoperating
IncorporatedOH
Related Parties
1- filerCIK 0001009976
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 1:40 PM ET
- Size
- 8.8 KB