COLEMAN THOMAS J III 4
4 · Delanco Bancorp, Inc. · Filed May 1, 2018
Insider Transaction Report
Form 4
COLEMAN THOMAS J III
Director
Transactions
- Disposition to Issuer
Common Stock
2018-04-30−3,700→ 0 total(indirect: By IRA) - Disposition to Issuer
Common Stock
2018-04-30−6,251→ 0 total - Disposition to Issuer
Stock Option (Right-to-Buy)
2018-04-30−1,000→ 0 totalExercise: $8.00From: 2014-10-16Exp: 2023-10-16→ Common Stock (1,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Reorganization, dated as of October 18, 2017, as amended on March 12, 2018, by and between First Bank ("First Bank") and Delanco Bancorp Inc. ("Delanco"), pursuant to which Delanco merged with and into FB Merger Corp., a wholly owned subsidiary of First Bank, with FB Merger Corp. continuing as the surviving entity (the "Merger"). At the effective time of the Merger (the "Effective Time"), each share of Delanco common stock issued and outstanding immediately prior to such time was converted into the right to receive 1.11 shares of First Bank common stock.
- [F2]At the Effective Time, pursuant to the Agreement and Plan of Reorganization, dated as of October 18, 2017, as amended on March 12, 2018, by and between First Bank and Delanco Bancorp, Inc., all stock options were cancelled and the reporting person received a cash payment equal to $15.94 per share minus the applicable exercise price of such stock option multiplied by each stock option held.