4//SEC Filing
Babbitt J Randolph 4
Accession 0001209191-19-007494
CIK 0001176316other
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 6:35 PM ET
Size
19.1 KB
Accession
0001209191-19-007494
Insider Transaction Report
Form 4
Babbitt J Randolph
Director
Transactions
- Disposition to Issuer
options to purchase
2019-02-01−2,973→ 0 totalExercise: $28.92Exp: 2023-06-28→ common stock (2,973 underlying) - Disposition to Issuer
common stock
2019-02-01−136,000→ 0 total(indirect: By Trust) - Disposition to Issuer
options to purchase
2019-02-01−3,750→ 0 totalExercise: $18.32Exp: 2021-01-21→ common stock (3,750 underlying) - Disposition to Issuer
options to purchase
2019-02-01−1,345→ 0 totalExercise: $29.51Exp: 2023-03-15→ common stock (1,345 underlying) - Disposition to Issuer
common stock
2019-02-01−4,920→ 0 total - Disposition to Issuer
options to purchase
2019-02-01−2,500→ 0 totalExercise: $17.96Exp: 2020-01-21→ common stock (2,500 underlying) - Disposition to Issuer
options to purchase
2019-02-01−5,000→ 0 totalExercise: $27.82Exp: 2022-02-23→ common stock (5,000 underlying)
Footnotes (7)
- [F1]Disposed of pursuant to the Agreement and Plan of Reorganization between Union Bankshares Corporation ("Union") and issuer, dated October 4, 2018, as amended on December 7, 2018 (the "Merger Agreement"), pursuant to which the issuer was merged with and into Union effective February 1, 2019 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of common stock of the issuer was converted into 0.75 shares of Union common stock, with cash paid in lieu of fractional shares. As a result of the Merger, the reporting person no longer beneficially owns directly or indirectly any shares of common stock of the issuer.
- [F2]Pursuant to the Merger Agreement, each option to purchase shares of issuer's common stock that was outstanding and unexercised immediately prior to the effective time of the Merger automatically converted into a stock option to purchase shares of Union common stock, with the number of underlying shares and the exercise price determined as set forth in the Merger Agreement. Except as otherwise set forth in this Form 4, each such stock option was already fully vested and exercisable or became fully vested and exercisable in connection with the Merger.
- [F3]This option was converted into an option to purchase 1,875 shares of Union common stock for $23.95 per share.
- [F4]This option was converted into an option to purchase 2,812 shares of Union common stock for $24.43 per share.
- [F5]This option was converted into an option to purchase 3,750 shares of Union common stock for $37.10 per share.
- [F6]This option was converted into an option to purchase 1,008 shares of Union common stock for $39.35 per share.
- [F7]This option was converted into an option to purchase 2,229 shares of Union common stock for $38.56 per share.
Documents
Issuer
ACCESS NATIONAL CORP
CIK 0001176316
Entity typeother
Related Parties
1- filerCIK 0001292910
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 6:35 PM ET
- Size
- 19.1 KB