TD BANKNORTH INC. 4
4 · TD BANKNORTH INC. · Filed Apr 24, 2007
Insider Transaction Report
Form 4
Schreiber Ed
EVP & Chief Risk Officer
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2007-04-20−3,618→ 0 totalExercise: $24.62Exp: 2013-05-27→ Common Stock (3,618 underlying) - Disposition to Issuer
Stock Option (right to buy)
2007-04-20−18,090→ 0 totalExercise: $28.20Exp: 2013-10-21→ Common Stock (18,090 underlying) - Disposition to Issuer
Common Stock
2007-04-20$32.33/sh−2,219$71,740→ 0 total - Disposition to Issuer
Common Stock
2007-04-20$32.33/sh−357$11,542→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Stock Option (right to buy)
2007-04-20−27,000→ 0 totalExercise: $28.92Exp: 2015-10-25→ Common Stock (27,000 underlying) - Disposition to Issuer
Restricted Stock Units
2007-04-20−3,673→ 0 totalExercise: $0.00From: 2008-03-31Exp: 2008-03-31→ Common Stock (3,673 underlying) - Disposition to Issuer
Stock Option (right to buy)
2007-04-20−13,500→ 0 totalExercise: $31.24Exp: 2015-03-31→ Common Stock (13,500 underlying) - Disposition to Issuer
Stock Option (right to buy)
2007-04-20−867→ 0 totalExercise: $26.15Exp: 2012-03-26→ Common Stock (867 underlying) - Disposition to Issuer
Stock Option (right to buy)
2007-04-20−5,775→ 0 totalExercise: $23.28Exp: 2012-10-22→ Common Stock (5,775 underlying)
Footnotes (4)
- [F1]Pursuant to Agreement and Plan of Merger, dated as of November 19, 2006, among TD Banknorth Inc., The Toronto-Dominion Bank and Bonn Merger Co.
- [F2]All options vest and become exercisable in three annual installments of 33%, 34% and 33% beginning on the first anniversary of the date of grant.
- [F3]Each option to purchase TD Banknorth common stock was converted in the merger into an option to acquire a number of common shares of The Toronto-Dominion Bank ("TD") equal to the product of the number of shares of TD Banknorth common stock subject to the option multiplied by .5333, rounded down to the nearest whole share, at an exercise price per common share of TD equal to the exercise price per share of the TD Banknorth common stock subject to the option divided by .5333, rounded up to the nearest cent.
- [F4]Pursuant to the merger, each restricted stock unit in respect of TD Banknorth common stock will be valued with reference to a number of common shares of TD equal to the number of notional shares of TD Banknorth common stock in respect of such award immediately prior to the merger multiplied by .5333.