BERNADIN JULIE 4
4 · MYSTIC FINANCIAL INC · Filed Jan 10, 2005
Insider Transaction Report
Form 4
BERNADIN JULIE
Director
Transactions
- Disposition to Issuer
Common Stock, par value $0.01
2005-01-07−4,870→ 0 total - Disposition to Issuer
Stock Options
2005-01-07−11,231→ 0 totalExercise: $11.49From: 2004-11-17Exp: 2009-03-23→ Common Stock (11,231 underlying) - Disposition to Issuer
Common Stock, par value $0.01
2005-01-07−525→ 0 total - Disposition to Issuer
Common Stock, par value $0.01
2005-01-07−2,697→ 0 total(indirect: By IRA)
Footnotes (4)
- [F1]Pursuant to the merger between Mystic Financial, Inc. (the "Issuer") and Brookline Bancorp, Inc., each share of the Issuer's common stock was converted into the right to receive either $39.00 in cash or 2.6786 shares of Brookline common stock, plus cash in lieu of any fractional share interest, subject to the allocation and proration provisions of the Agreement and Plan of Merger, dated July 7, 2004.
- [F2]Reflects a restricted stock award granted to the reporting person under the Mystic Financial, Inc. 1999 Recognition and Retention Plan.
- [F3]Reflects stock options granted to the reporting person under the 1999 Stock Option Plan.
- [F4]All options vested as of November 17, 2004 pursuant to the accelerated vesting provisions of the option agreement for changes in control. The options were cancelled in connection with the merger between Mystic Financial, Inc. and Brookline Bancorp, Inc. in exchange for a cash payment equal to the excess of $39.00 over the exercise price per share, $11.49 here, multiplied by the number of shares of Mystic Financial, Inc. common stock subject to the stock option.