4//SEC Filing
SCHMIDT GRETCHEN J 4
Accession 0001210189-11-000003
CIK 0000742161other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 3:12 PM ET
Size
13.0 KB
Accession
0001210189-11-000003
Insider Transaction Report
Form 4
SCHMIDT GRETCHEN J
Secretary/Treasurer
Transactions
- Disposition to Issuer
Common Stock
2011-03-16$14.50/sh−22,222$322,219→ 0 total(indirect: ESOP Allocation) - Disposition to Issuer
Common Stock (right to buy)
2011-03-16$13.73/sh−4,500$61,785→ 0 totalExercise: $13.73From: 2004-01-20Exp: 2013-03-01→ Common Stock (4,500 underlying) - Disposition to Issuer
Common Stock
2011-03-16$14.50/sh−1,350$19,575→ 0 total(indirect: By Spouse) - Disposition to Issuer
Stock Option (right to buy)
2011-03-16$10.14/sh−4,500$45,630→ 0 totalExercise: $10.14From: 2003-01-20Exp: 2012-03-01→ Common Stock (4,500 underlying) - Disposition to Issuer
Common Stock
2011-03-16$14.50/sh−46,481$673,975→ 0 total
Footnotes (2)
- [F1]Disposed of in connection with the merger of First Franklin Corporation ("First Franklin") with and into Cheviot Merger Subsidiary, Inc. ("Merger Sub"), a wholly-owned subsidiary of Cheviot Financial Corp. ("Cheviot"), which became effective on March 16, 2011, ("the Effective Date"). In accordance with the terms of the Agreement and Plan of Merger, dated October 12, 2010, among (i) Cheviot, Merger Sub and Cheviot Savings Bank and (ii) First Franklin and The Franklin Savings and Loan Company (the "Merger Agreement"), each share of First Franklin common stock held by the reporting person will be converted into the right to receive $14.50 (the "Merger Consideration") on the Effective Date.
- [F2]Pursuant to the Merger Agreement, this option was canceled on the Effective Date in exchange for a cash payment equal to the difference between the exercise price of the option and the Merger Consideration.
Documents
Issuer
FIRST FRANKLIN CORP
CIK 0000742161
Entity typeother
Related Parties
1- filerCIK 0001210184
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 3:12 PM ET
- Size
- 13.0 KB