Naugatuck Valley Financial Corp 4
4 · Naugatuck Valley Financial Corp · Filed Jan 15, 2016
Insider Transaction Report
Form 4
Foley Mark C
Other
Transactions
- Disposition to Issuer
Common Stock
2016-01-15−939→ 0 total(indirect: By KSOP) - Disposition to Issuer
Stock Option (right to buy)
2016-01-15−25,000→ 0 totalExercise: $8.60From: 2016-01-30Exp: 2025-01-30→ Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2016-01-15−10,000→ 0 totalExercise: $7.74From: 2015-05-27Exp: 2024-05-27→ Common Stock (10,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the merger agreement between the issuer and Liberty Bank for $10,329 having a market value of $11.00 per share on the effective date of the merger.
- [F2]This option, which provided for vesting in five equal annual installments beginning January 30, 2016, was canceled in the merger in exchange for a cash payment of $60,000, representing the positive difference between the merger consideration and the option strike price on the effective date of the merger.
- [F3]This option, which provided for vesting in five equal annual installments beginning May 27, 2015, was canceled in the merger in exchange for a cash payment of $32,600, representing the positive difference between the merger consideration and the option strike price on the effective date of the merger.