1st Century Bancshares, Inc. 4
4 · 1st Century Bancshares, Inc. · Filed Jul 1, 2016
Insider Transaction Report
Form 4
Satenberg Bradley Steven
EVP, Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2016-07-01$11.22/sh−92,508$1,037,940→ 0 total - Disposition to Issuer
Common Stock
2016-07-01$11.22/sh−5,763.679$64,668→ 0 total(indirect: By 401(k))
Footnotes (4)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of March 10, 2016, among 1st Century Bancshares, Inc. (the "Company"), Midland Financial Co. ("Midland") and MC 2016 Corp., a wholly-owned subsidiary of Midland (the "Merger Agreement").
- [F2]Includes restricted shares.
- [F3]Disposed of pursuant to the Merger Agreement in exchange for $11.22 for each share of the Company's common stock.
- [F4]Pursuant to the terms of the Merger Agreement, each restricted share of the Company held by the reporting person was cancelled and converted into the right to receive $11.22.