FELCH DAVID N 4
4 · MAINE & MARITIMES CORP · Filed Dec 22, 2010
Insider Transaction Report
Form 4
FELCH DAVID N
Director
Transactions
- Disposition to Issuer
Common Stock
2010-12-21$45.00/sh−1,853$83,385→ 0 total - Disposition to Issuer
Common Stock
2010-12-21$45.00/sh−1,088.91$49,001→ 0 total - Exercise/Conversion
Phantom Stock
2010-12-21−1,088.91→ 0 total→ Common Stock (1,088.91 underlying) - Exercise/Conversion
Common Stock
2010-12-21+1,088.91→ 1,088.91 total
Footnotes (4)
- [F1]All of the equity securities (common stock) in the Company previously reported by me as beneficially owned have automatically been converted to cash at $45.00 per share pursuant to a merger agreement between the issuer, BHE Holding Inc. and BHE Holding Sub One Inc.
- [F2]Each phantom stock unit is the economic equivalent of one share of MAM common stock. The shares of phantom stock become payable in cash over a 10 year period, upon the reporting person's termination of service as a director.
- [F3]Includes 1.20 shares acquired on October 12, 2010, in accordance with the Maine & Maritimes Corporation dividend reinvestment plan.
- [F4]Each phantom stock unit is the economic equivalent of one share of MAM common stock. Resulting from the merger on December 21, 2010, 1,088.91 of the reporting person's phantom stock units were fixed at $45.00 per share payable in cash over a 10 year period.