TROY FINANCIAL CORP 4
4 · TROY FINANCIAL CORP · Filed Jan 21, 2004
Insider Transaction Report
Form 4
MAHAR MICHAEL M
Senior Vice President
Transactions
- Sale
Common Stock
2004-01-16$35.50/sh−5,486$194,753→ 1,339 total(indirect: By 401(k)) - Sale
Common Stock
2004-01-16$35.50/sh−5,335$189,393→ 1,302 total(indirect: ESOP) - Sale
Common Stock
2004-01-16$35.50/sh−18,972$673,506→ 3,300 total - Disposition to Issuer
Employee Stock Option (Right to buy)
2004-01-16$10.30/sh−36,750$378,437→ 0 totalExercise: $10.30From: 2004-01-16Exp: 2009-09-30→ Common Stock (36,750 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 $926,188.20, representing the difference between the exercise price of the option and market value of the underlying Troy Financial Corporation common stock on the effective date of the merger ($35.50 per share).