4//SEC Filing
Modi Eva 4
Accession 0001225208-18-008355
CIK 0001577603other
Filed
Apr 30, 8:00 PM ET
Accepted
May 1, 4:33 PM ET
Size
8.9 KB
Accession
0001225208-18-008355
Insider Transaction Report
Form 4
Modi Eva
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2018-04-30−1,642→ 0 total - Disposition to Issuer
Common Stock
2018-04-30−3,276→ 0 total(indirect: By ESOP) - Disposition to Issuer
Stock Option (Right-to-Buy)
2018-04-30−5,000→ 0 totalExercise: $8.00From: 2014-10-16Exp: 2023-10-16→ Common Stock (5,000 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.
Documents
Issuer
Delanco Bancorp, Inc.
CIK 0001577603
Entity typeother
Related Parties
1- filerCIK 0001478237
Filing Metadata
- Form type
- 4
- Filed
- Apr 30, 8:00 PM ET
- Accepted
- May 1, 4:33 PM ET
- Size
- 8.9 KB