4//SEC Filing
Taylor Margaret M 4
Accession 0001209191-19-007507
CIK 0001176316other
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 6:41 PM ET
Size
15.3 KB
Accession
0001209191-19-007507
Insider Transaction Report
Form 4
Taylor Margaret M
Senior Vice President, CFO
Transactions
- Disposition to Issuer
options to purchase
2019-02-01−5,000→ 0 totalExercise: $18.32Exp: 2021-01-21→ common stock (5,000 underlying) - Disposition to Issuer
options to purchase
2019-02-01−5,000→ 0 totalExercise: $27.82Exp: 2022-02-23→ common stock (5,000 underlying) - Disposition to Issuer
options to purchase
2019-02-01−5,000→ 0 totalExercise: $17.96Exp: 2020-01-21→ common stock (5,000 underlying) - Disposition to Issuer
options to purchase
2019-02-01−7,500→ 0 totalExercise: $23.87Exp: 2024-01-24→ common stock (7,500 underlying) - Disposition to Issuer
common stock
2019-02-01−14,675.31→ 0 total
Footnotes (6)
- [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 3,750 shares of Union common stock for $23.95 per share.
- [F4]This option was converted into an option to purchase 3,750 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 5,625 shares of Union common stock for $31.83 per share, and vests in four equal installments as follows: 25% on 01/24/2020; 25% on 01/24/2021; 25% on 01/24/2022; and 25% on 01/24/2023.
Documents
Issuer
ACCESS NATIONAL CORP
CIK 0001176316
Entity typeother
Related Parties
1- filerCIK 0001553485
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 6:41 PM ET
- Size
- 15.3 KB