TROY FINANCIAL CORP 4
4 · TROY FINANCIAL CORP · Filed Jan 21, 2004
Insider Transaction Report
Form 4
DEVANE RICHARD B
Director
Transactions
- Sale
Common Stock
2004-01-16$35.50/sh−3,398$120,629→ 9,213 total - Disposition to Issuer
Employee Stock Option (Right to buy)
2004-01-16$10.30/sh−25,493$262,517→ 0 totalExercise: $10.30From: 2004-01-16Exp: 2009-09-30→ Common Stock (25,493 underlying)
Footnotes (1)
- [F1]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 $642,484.78, 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).