FOSS RICHARD A 4
4 · Jacksonville Bancorp, Inc. · Filed Jun 6, 2018
Insider Transaction Report
Form 4
FOSS RICHARD A
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Common Stock
2018-06-04−24,853→ 0 total - Award
Common Stock
2017-12-31$32.02/sh+245$7,845→ 5,074 total(indirect: By ESOP) - Disposition to Issuer
Common Stock
2018-06-04−45→ 0 total(indirect: By Spouse) - Disposition to Issuer
Common Stock
2018-06-04−40,332→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Stock Option
2018-06-04−7,200→ 0 totalExercise: $15.65From: 2013-04-24Exp: 2022-04-24→ Common Stock (7,200 underlying) - Gift
Common Stock
2018-05-17−1,000→ 27,453 total - Gift
Common Stock
2018-05-17−2,600→ 24,853 total - Disposition to Issuer
Common Stock
2018-06-04−5,074→ 0 total(indirect: By ESOP) - Disposition to Issuer
Common Stock
2018-06-04−4,156→ 0 total(indirect: By IRA)
Footnotes (4)
- [F1]Gift of 250 shares to each of his 4 grandchildren.
- [F2]Gift of 2,600 shares owned jointly with spouse to Schwab Charitable.
- [F3]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.
- [F4]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 $129,960.00, the product of (i) the number of shares or Issuer common stock provided for by such option and (ii) $33.70 minus $15.65, the exercise price of the option.