Mayflower Bancorp Inc 4
4 · Mayflower Bancorp Inc · Filed Nov 18, 2013
Insider Transaction Report
Form 4
Biggio John J
V.P. & Senior Loan Officer
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2013-11-15−2,850→ 0 totalExercise: $14.00From: 2005-12-08Exp: 2015-12-08→ Common Stock (2,850 underlying) - Disposition to Issuer
Common Stock
2013-11-15−6,708→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2013-11-15−690→ 0 totalExercise: $9.90From: 2012-05-10Exp: 2022-05-10→ Common Stock (690 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2013-11-15−775→ 0 totalExercise: $8.75From: 2011-06-09Exp: 2021-06-09→ Common Stock (775 underlying) - Disposition to Issuer
Common Stock
2013-11-15−312→ 0 total(indirect: Restricted Stock) - Disposition to Issuer
Common Stock
2013-11-15−360→ 0 total(indirect: Restricted Stock II)
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger dated as of May 14, 2013 by and among Independent Bank Corp., Rockland Trust Company, Mayflower Bancorp, Inc. and Mayflower Co-operative Bank (the "Merger Agreement"), at the effective time of the merger each share of Mayflower Bancorp common stock was exchanged for either 0.565 shares of Independent Bank Corp. common stock, $17.50 in cash, at the reporting person's election, subject to the proration procedures set forth in the Merger Agreement.
- [F2]Pursuant to the Merger Agreement, at the effective time of the merger all unvested restricted shares of Mayflower Bancorp common stock automatically vested in full and each share was exchanged for either 0.565 shares of Independent Bank Corp. common stock, $17.50 in cash, at the reporting person's election, subject to the proration procedures contained in the Merger Agreement.
- [F3]Pursuant to the Merger Agreement, at the effective time of the merger each stock option (whether vested or unvested) was cancelled and the reporting person received a cash payment equal to the product of (i) the number of Mayflower shares underlying such option, and (ii) the "option merger consideration" (as defined in Section 2.07 of the Merger Agreement) minus the option exercise price.