TROY FINANCIAL CORP 4
4 · TROY FINANCIAL CORP · Filed Jan 21, 2004
Insider Transaction Report
Form 4
ARAKELIAN GEORGE H
Director
Transactions
- Sale
Common Stock
2004-01-16$35.50/sh−3,398$120,629→ 134,794 total - Disposition to Issuer
Employee Stock Option (Right to buy)
2004-01-16$10.30/sh−42,485$437,494→ 0 totalExercise: $10.30From: 2004-01-16Exp: 2009-09-30→ Common Stock (42,485 underlying)
Holdings
- 31,500(indirect: Standard Manufacturing, Inc.)
Common Stock
- 52,500(indirect: By Spouse)
Common Stock
Footnotes (2)
- [F1]The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed as an admission that the reporting person is the beneficial owner of such securities for Section 16, or for any other purpose.
- [F2]This option, which provided for vesting in five equal annual installments beginning October 1, 2000, was cancelled in the merger in exchange for a cash payment of $1,070,723.96, representing the difference between the exercise price of the option and the market value of the underlying Troy Financial Corporation common stock on the effective date of the merger ($35.50 per share).