Woltjen Robert J 4
4 · Polonia Bancorp Inc · Filed Nov 13, 2012
Insider Transaction Report
Form 4
Woltjen Robert J
Director
Transactions
- Other
Common Stock
2012-11-09+29,131→ 29,131 total - Purchase
Common Stock
2012-11-09$8.00/sh+6,250$50,000→ 6,250 total(indirect: By IRA) - Purchase
Common Stock
2012-11-09$8.00/sh+2,500$20,000→ 31,631 total - Other
Stock Option (right-to-buy)
2012-11-09+9,020→ 9,020 totalExercise: $8.44From: 2008-08-21Exp: 2017-08-21→ Common Stock (9,020 underlying)
Footnotes (3)
- [F1]Pursuant to the Plan of Conversion and Reorganization of Polonia MHC, each share of common stock of Polonia Bancorp (Federal corporation) was exchanged for 1.1136 shares of common stock of Polonia Bancorp, Inc. (Maryland corporation).
- [F2]Pursuant to the Plan of Conversion and Reorganization of Polonia MHC, each option to purchase shares of common stock of Polonia Bancorp (Federal corporation) was converted into an option to purchase shares of common stock of Polonia Bancorp, Inc. (Maryland corporation) by multiplying the number of shares subject to each option by the 1.1136 exchange ratio, rounded down to the nearest share. The exercise price per share of each converted option was determined by dividing the exercise price of the option by the 1.1136 exchange ratio. All such converted options continue to vest based on their original terms.
- [F3]Stock Options granted pursuant to the Polonia Bancorp 2007 Equity Incentive Plan are fully vested and exercisable as of August 21, 2012.