Boies Mary M 4
4 · MBNA CORP · Filed Jan 4, 2006
Insider Transaction Report
Form 4
MBNA CORPKRB
Boies Mary M
Director
Transactions
- Disposition to Issuer
Common Stock
2006-01-01−40,000→ 0 total - Disposition to Issuer
Director Stock Option (right to buy)
2006-01-01−5,000→ 0 totalExercise: $25.36From: 2004-06-01Exp: 2014-05-31→ Common Stock (5,000 underlying)
Footnotes (2)
- [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).