WESTBOROUGH FINANCIAL SERVICES INC 4
4 · WESTBOROUGH FINANCIAL SERVICES INC · Filed Aug 29, 2007
Insider Transaction Report
Form 4Exit
KLUGMAN ROBERT A
Director
Transactions
- Disposition to Issuer
Common Stock, par value $0.01 per share
[F1]2007-08-24$35.00/sh−2,450$85,750→ 0 total - Disposition from Tender
Stock Option (Right to Buy)
[F3][F2]2007-08-24−1,000→ 0 totalExercise: $10.31Exp: 2011-01-25→ Common Stock (1,000 underlying)
Footnotes (3)
- [F1]Pursuant to Agreement and Plan of Merger among Assabet Valley Bancorp, HudWest Financial Services, Inc., Hudson Savings Bank and Westborough Bancorp, MHC, Westborough Financial Services, Inc. and The Westborough Bank dated November 13, 2006, as amended.
- [F2]Reflects stock options granted to the reporting person under the Westborough Financial Services, Inc. 2001 Stock Option Plan. All shares are fully exercisable.
- [F3]Cancelled in the merger in exchange for a cash payment (less any applicable withholdings) representing the difference between the exercise price and $35.00 per option.
Signature
/s/ John L. Casagrande for Robert A. Klugman by Power of Attorney|2007-08-29