4//SEC Filing
FREEH LOUIS J 4
Accession 0001279230-06-000002
CIK 0000870517other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 4:23 PM ET
Size
12.3 KB
Accession
0001279230-06-000002
Insider Transaction Report
Form 4
MBNA CORPKRB
FREEH LOUIS J
General Counsel
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2006-01-01−750,000→ 0 totalExercise: $20.83Exp: 2011-09-09→ Common Stock (750,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2006-01-01−300,000→ 0 totalExercise: $24.04Exp: 2012-05-28→ Common Stock (300,000 underlying) - Disposition to Issuer
Common Stock
2006-01-01−153,257→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2006-01-01−100,000→ 0 totalExercise: $20.58Exp: 2013-01-06→ Common Stock (100,000 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the merger of issuer into Bank of America Corporation pursuant to the merger agreement between issuer and Bank of America (the "Merger Agreement"). Each share was exchanged for .5009 of a share of Bank of America common stock (having a market value of $46.15 per share) and $4.125 in cash on January 1, 2006, the effective date of the merger of the issuer and Bank of America (the "Merger").
- [F2]These options were assumed by Bank of America in the Merger and replaced by options to purchase Bank of America common stock pursuant to the Merger Agreement. The number of shares subject to each new Bank of America option is equal to the number of shares subject to the assumed MBNA option held immediately prior to the effective date of the Merger multiplied by .5898 (rounded down to the nearest whole share), and the exercise price of each new Bank of America option is equal to the exercise price of the assumed MBNA option divided by .5898 (rounded up to the nearest whole cent).
- [F3]This option, which provided for vesting in five equal annual installments beginning December 1, 2003, became fully vested immediately prior to the effective date of the Merger.
- [F4]This option, which provided for vesting in five equal annual installments beginning December 1, 2002, became fully vested immediately prior to the effective date of the Merger.
Documents
Issuer
MBNA CORP
CIK 0000870517
Entity typeother
Related Parties
1- filerCIK 0001279230
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 4:23 PM ET
- Size
- 12.3 KB