HINMAN KIRK B 4
4 · ROME BANCORP INC · Filed Apr 6, 2011
Insider Transaction Report
Form 4
ROME BANCORP INCROME
HINMAN KIRK B
Director
Transactions
- Disposition to Issuer
Rome Bancorp common stock par value $0.01 per share
2011-04-01−52,582→ 0 total - Disposition to Issuer
Rome Bancorp common stock par value $0.01 per share
2011-04-01−249,941→ 0 total(indirect: See footnote 2) - Disposition to Issuer
Stock Options under Rome Bancorp 2006 Stock Option Plan
2011-04-01$1.00/sh−29,500$29,500→ 0 totalExercise: $12.84Exp: 2016-05-24→ Rome Bancorp common stock par value $0.01 per share (29,500 underlying)
Footnotes (3)
- [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 share of Rome Bancorp common stocl, subject to cash/stock elections and proration procedures set forth in the merger agreement.
- [F2]Includes 3,401 shares held in and IRA; 111,016 shares held jointly with spouse; 5,401 shares held by minor child; 5,000 shares held by a trust over which Mr. Hinman exercises control; 125,123 shares held by Rome Strip Steel, of which Mr. Hinman is President.
- [F3]This option, which provided for vesting in five annual installments commencing May 24, 2007, was canceled in the merger in exchange for a cash payment of $29,500.