Royal Chris A 4
4 · Jacksonville Bancorp, Inc. · Filed Jun 6, 2018
Insider Transaction Report
Form 4
Royal Chris A
VP and CLO
Transactions
- Award
Common Stock
2017-12-31$32.02/sh+108.42$3,472→ 893 total(indirect: By ESOP) - Disposition to Issuer
Common Stock
2018-06-04−957→ 0 total - Disposition to Issuer
Stock Option
2018-06-04−2,000→ 0 totalExercise: $15.65From: 2016-04-24Exp: 2022-04-24→ Common Stock (2,000 underlying) - Disposition to Issuer
Common Stock
2018-06-04−1,793→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Common Stock
2018-06-04−893→ 0 total(indirect: By ESOP)
Footnotes (2)
- [F1]Each share of common stock was converted into and became exchangeable for the right to receive $33.70 in cash pursuant to an agreement and plan of merger between the Jacksonville Bancorp, Inc., CNB Bank Shares, Inc. and CNB Acquisition, Inc.
- [F2]The stock option was cancelled in connection with the merger and the holder received a cash payment upon such cancellation in an amount equal to $36,100.00, the product of (i) the number of shares of Issuer common stock provided for by such option and (ii) $33.70 minus $15.65, the exercise price of the option.