Loftin Shelly 4
4 · BEAR STATE FINANCIAL, INC. · Filed Apr 20, 2018
Insider Transaction Report
Form 4
Loftin Shelly
SVP, Marketing and Retail
Transactions
- Disposition from Tender
Restricted Stock Units
2018-04-20$10.28/sh−15,932$163,781→ 0 total→ Common Stock (15,932 underlying) - Disposition from Tender
Common Stock
2018-04-20$10.28/sh−2,078$21,362→ 0 total(indirect: By 401(k)) - Disposition from Tender
Common Stock
2018-04-20$10.28/sh−6,618$68,033→ 0 total - Disposition from Tender
Employee Stock Options (right to buy)
2018-04-20$5.01/sh−5,555$27,831→ 0 totalExercise: $5.27Exp: 2018-11-11→ Common Stock (5,555 underlying)
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Reorganization (the "merger agreement"), dated as of August 22, 2017, by and among Bear State Financial, Inc. (Bear State), Bear State Bank, Arvest Bank and Arvest Acquisition Sub, Inc., shares of Bear State common stock were converted into the right to receive $10.28 cash per share, without interest.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Company common stock.
- [F3]Pursuant to the terms of the merger agreement, at the effective time of the merger, this restricted stock unit award was cancelled and converted into the right to receive a cash payment equal to $10.28 per unit.
- [F4]Pursuant to the terms of the merger agreement, at the effective time of the merger, this stock option was cancelled and converted into the right to receive a cash payment equal to the aggregate number of shares of Bear State common stock subject to such option multiplied by the difference of $10.28 and the exercise price of such option.