Vernon David P 4
4 · FARMERS & MERCHANTS BANCORP INC · Filed Nov 15, 2021
Insider Transaction Report
Form 4
Footnotes (1)
- [F1]F&M Bank and Perpetual Federal Savings Bank (PFSB) entered into an agreement and plan of reorganization. Upon completion of the Merger of October 1, 2021, the shareholders of PFSB will be entitled to receive, in exchange for each share of PFSB common stock owned, either (a) $41.20 in cash, or (b) 1.7766 shares of F&M common stock, or (c) a mixture of cash and F&M common stock. Mr. Vernon elected an all stock option. Final proration by the exchange agent was completed November 10, 2021.