Jenkins Julie 4
4 · NORTHEAST BANCORP /ME/ · Filed May 16, 2019
Insider Transaction Report
Form 4
Jenkins Julie
SVP/Director of Operations
Transactions
- Other
Voting Common Stock
2019-05-15−23,955→ 0 total - Other
Stock Option (Right to Buy)
2019-05-15−2,755→ 0 totalExercise: $9.38From: 2018-01-31Exp: 2023-01-31→ Voting Common Stock (2,755 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of January 7, 2019 (the "Merger Agreement"), between Northeast Bancorp (the "Company") and Northeast Bank (the "Bank"). Pursuant to the Merger Agreement, in exchange for each share of Company common stock the reporting person received one share of Bank common stock.
- [F2]Non-qualified time-based stock option awards granted to the reporting person under the Northeast Bancorp Amended and Restated 2010 Stock Option and Incentive Plan. Disposed of pursuant to the Merger Agreement. Pursuant to the Merger Agreement, the stock options were assumed by the Bank and for each outstanding stock option to buy Company common stock the reporting person received one stock option to buy Bank common stock at the same exercise price.