NOLAN DAVID C 4
4 · ROME BANCORP INC · Filed Apr 6, 2011
Insider Transaction Report
Form 4
ROME BANCORP INCROME
NOLAN DAVID C
EVP & CFO
Transactions
- Disposition to Issuer
Rome Bancorp common stock, par value $0.01 per share
2011-04-01−147,548→ 0 total - Disposition to Issuer
Stock Option under the Rome Bancorp 2006 Stock Option Plan
2011-04-01$1.00/sh−59,000$59,000→ 0 totalExercise: $12.84Exp: 2016-05-24→ Rome Bancorp common stock par value $0.01 per share (59,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to merger agreement between Issuer and Berkshire Hills Bancorp, Inc. in exchange for .5658 shares of Berkshire Hills Bancorp common stock or $11.25 in cash for each shares of Rome Bancorp, Inc. common stock, subject to cash/stock elections and proration procedures set forth in the merger agreement.
- [F2]This option, which provided for vesting in five equal annual installments commencing May 24, 2007, was canceled in the merger agreement in exchange for a cash payment of $59,000.