BRACEWELL JOSEPH S 4
4 · WashingtonFirst Bankshares, Inc. · Filed Jan 3, 2018
Insider Transaction Report
Form 4
BRACEWELL JOSEPH S
DirectorSee Remarks
Transactions
- Disposition to Issuer
Common Stock
2018-01-01−31,426→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2018-01-01−25,000→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2018-01-01−4,058→ 0 total(indirect: By Trust) - Disposition to Issuer
Stock Option
2018-01-01−7,007→ 0 totalExercise: $20.00Exp: 2026-02-25→ Common Stock (7,007 underlying) - Disposition to Issuer
Stock Option
2018-01-01−8,343→ 0 totalExercise: $28.22Exp: 2027-02-27→ Common Stock (8,343 underlying) - Disposition to Issuer
Stock Option
2018-01-01−1,651→ 0 totalExercise: $10.03Exp: 2023-05-01→ Common Stock (1,651 underlying) - Disposition to Issuer
Common Stock
2018-01-01−317,891→ 0 total - Disposition to Issuer
Stock Option
2018-01-01−5,255→ 0 totalExercise: $15.16Exp: 2025-03-09→ Common Stock (5,255 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of May 15, 2017, by and among Sandy Spring Bancorp, Inc. ("Sandy Spring"), WashingtonFirst Bankshares, Inc. ("WashingtonFirst") and Touchdown Acquisition, Inc., a wholly-owned subsidiary of Sandy Spring ("Merger Sub"). Merger Sub merged (the "First-Step Merger") with and into WashingtonFirst, with WashingtonFirst continuing as the surviving entity and immediately hereafter, WashingtonFirst merged with and into Sandy Spring, with Sandy Spring continuing as the surviving entity. At the effective time of the First-Step Merger (the "Effective Time"), each share of WashingtonFirst common stock issued and outstanding immediately prior to such time was converted into the right to receive 0.8713 shares of Sandy Spring common stock.
- [F2]At the Effective Time, pursuant to the Agreement and Plan of Merger, dated as of May 15, 2017, by and among Sandy Spring Bancorp, Inc., WashingtonFirst Bankshares, Inc. and Touchdown Acquisition, Inc., all stock options were cancelled and the reporting person received a cash payment equal to $34.42 per share minus the applicable exercise price of such stock option multiplied by each stock option held.