DALY JOSEPH S 4
4 · MBT FINANCIAL CORP · Filed Sep 4, 2019
Insider Transaction Report
Form 4
DALY JOSEPH S
Director
Transactions
- Exercise/Conversion
Common Stock
2019-09-01$9.84/sh+102,182$1,005,471→ 359,110 total - Exercise/Conversion
Common Stock Units
2019-09-01$9.84/sh−102,182$1,005,471→ 0 totalExercise: $0.00→ Common Stock (102,182 underlying) - Award
Common Stock
2019-09-01$9.90/sh+46,620$461,538→ 256,928 total - Disposition to Issuer
Common Stock
2019-09-01−359,110→ 0 total
Footnotes (4)
- [F1]Acquired pursuant to the Settlement Agreement dated October 9, 2018 between the director and Monroe Bank & Trust ("Bank"), the issuer's wholly-owned subsidiary, in exchange for the settlement and termination of the insider's interest in the Bank's Death Benefit Only Plan valued at $461,764.
- [F2]Shares of common stock will be delivered to the director on the earlier of December 31, 2026 or within 60 days following termination of service, death, or disability.
- [F3]The common stock units do not have an expiration date.
- [F4]Disposed of pursuant to the merger agreement between the issuer and First Merchants Corporation ("First Merchants"), each share of which was converted into 0.2750 shares of First Merchants common stock having a market value of $35.72 per share on the effective date of the merger.