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4//SEC Filing

KAHN THOMAS G 4

Accession 0001209191-17-056131

CIK 0001070154other
View on SEC.govCompany Profile

Filed

Oct 4, 8:00 PM ET

Accepted

Oct 5, 4:09 PM ET

Size

14.2 KB

Accession

0001209191-17-056131

Insider Transaction Report

Form 4
Period: 2017-10-02
STERLING BANCORPSTL
KAHN THOMAS G
Director
Transactions
  • Other

    Common Stock

    2017-10-02+126→ 44,774 total
  • Other

    Common Stock

    2017-10-02+9,786→ 896,842 total(indirect: Kahn Bros. Group, Inc. Dis.Adv.Accts.)
Holdings

  • Common Stock

    (indirect: By Children)
    18,055

  • Common Stock

    (indirect: By Trust)
    108,926

  • Common Stock

    (indirect: By Trust)
    3,333

  • Common Stock

    (indirect: By Spouse)
    1,000

  • Common Stock

    (indirect: Discretionary Customer Account)
    17,363

  • Common Stock

    (indirect: By Trust)
    3,539

  • Common Stock

    (indirect: By Trust)
    41,466

  • Common Stock

    (indirect: By Trust)
    50,266

  • Common Stock

    (indirect: By IRA)
    31,555
Footnotes (3)
  • [F1]Received pursuant to the merger agreement between Sterling Bancorp ("Sterling") and Astoria Financial Corporation ("Astoria"), dated March 6, 2017 (the "Merger Agreement"), pursuant to which Astoria was merged with and into Sterling on October 2, 2017 (the "Effective Time"). Pursuant to the Merger Agreement, as of the Effective Time, each issued and outstanding share of Astoria's common stock converted into the right to receive 0.875 of a share of Sterling common stock and cash in lieu of fractional shares (the "Merger Consideration"). On the Effective Time, the closing price of Astoria's common stock was $21.50 per share and the closing price of Sterling's common stock was $24.85 per share.
  • [F2]Received in exchange for 144 shares of Astoria stock pursuant to Astoria's merger with and into Sterling.
  • [F3]Represents the exchange of 11,185 shares of Astoria common stock held in the Discretionary Account into shares of Sterling common pursuant to Astoria's merger with and into Sterling. The reporting person is hereby relying on the view the SEC's staff has expressed with regard to Rule 16b-3 exempting an officer's or director's indirect interest in a transaction between the issuer and an entity in which the beneficial ownership of the portfolio securities is reportable by the officer or director.

Documents

1 file

Issuer

STERLING BANCORP

CIK 0001070154

→
Entity typeother

Related Parties

1
  • filerCIK 0001216164

Filing Metadata

Form type
4
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 4:09 PM ET
Size
14.2 KB
View on SEC.gov