METRO BANCORP, INC. 4
4 · METRO BANCORP, INC. · Filed Feb 17, 2016
Insider Transaction Report
Form 4
ADAIR JAMES R
Director
Transactions
- Disposition to Issuer
Common Stock
2016-02-13−23,924→ 0 total - Disposition to Issuer
Common Stock
2016-02-13−844→ 0 total(indirect: By Spouse) - Disposition to Issuer
Director Stock Option (Right to Buy)
2016-02-13−4,000→ 0 totalExercise: $31.25From: 2007-02-17Exp: 2016-02-17→ Common Stock (4,000 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2016-02-13−4,250→ 0 totalExercise: $28.51From: 2008-02-16Exp: 2017-02-16→ Common Stock (4,250 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2016-02-13−4,475→ 0 totalExercise: $27.00From: 2009-02-22Exp: 2018-02-22→ Common Stock (4,475 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2016-02-13−2,500→ 0 totalExercise: $11.77From: 2013-03-27Exp: 2022-03-27→ Common Stock (2,500 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2016-02-13−2,500→ 0 totalExercise: $16.53From: 2014-02-22Exp: 2023-02-22→ Common Stock (2,500 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2016-02-13−3,750→ 0 totalExercise: $19.55From: 2015-02-21Exp: 2024-02-21→ Common Stock (3,750 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2016-02-13−4,900→ 0 totalExercise: $25.43From: 2016-02-13Exp: 2025-02-21→ Common Stock (4,900 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger between issuer and F.N.B. Corporation ("FNB")dated as of August 4, 2015 pursuant to which issuer was merged into FNB on February 13, 2016. Pursuant to the merger agreement, each issued and outstanding share of issuer common stock was converted into 2.373 shares of FNB common stock. Following the merger, the reporting person no longer owns directly or indirectly any shares of issuer common stock.
- [F2]Pursuant to the merger agreement with FNB, each option to purchase issuer common stock outstanding and exercisable immediately prior to the effective time of the merger was assumed by FNB and converted into an option to purchase shares of FNB common stock. The number of FNB options into which the issuer options were converted was determined by multiplying each issuer option by 2.373. Any fractional shares of FNB common stock resulting from this multiplication was rounded down to the nearest share.
- [F3]The exercise price for the FNB options into which the issuer options were converted is the amount (rounded up to the nearest whole cent)equal to the per share exercise price under each issuer option divided by 2.373.