MORRISSEY WILLIAM P 4
4 · CENTRAL BANCORP INC /MA/ · Filed Nov 16, 2012
Insider Transaction Report
Form 4
MORRISSEY WILLIAM P
President and COO
Transactions
- Disposition to Issuer
Common Stock
2012-11-09−15,168→ 0.97 total(indirect: By ESOP) - Disposition to Issuer
Common Stock
2012-11-09−38,871→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2012-11-09−8,267→ 0 totalExercise: $17.50From: 2012-01-03Exp: 2022-01-03→ Common Stock (8,267 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2012-11-09−4,253→ 0 totalExercise: $28.99From: 2005-03-17Exp: 2015-03-17→ Common Stock (4,253 underlying)
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger dated as of April 30, 2012 by and among Independent Bank Corp., Rockland Trust Company, Central Bancorp, Inc. and Central Co-operative Bank (the "Merger Agreement"), at the effective time of the merger each share of Central Bancorp common stock was exchanged for either 1.0533 shares of Independent Bank Corp. common stock, $32 in cash, or a combination of stock and cash at the reporting person's election, subject to the allocation and proration procedures contained in the Merger Agreement.
- [F2]Pursuant to the Merger Agreement, at the effective time of the merger each ESOP share was converted into the right to receive either 1.0533 shares of Independent Bank Corp. common stock, $32 in cash, or a combination of stock and cash at the reporting person's election, subject to the allocation and proration procedures contained in the Merger Agreement.
- [F3]Pursuant to the Merger Agreement, all stock options became fully vested and exercisable and were cancelled and the reporting person received a cash payment equal to $32 per share minus the applicable exercise price of such stock option multiplied by each stock option held.