CHAFFIN H DOUGLAS 4
4 · MBT FINANCIAL CORP · Filed Sep 4, 2019
Insider Transaction Report
Form 4
CHAFFIN H DOUGLAS
DirectorPresident & CEO
Transactions
- Disposition to Issuer
Stock Only Stock Appreciation Right
2019-09-01−15,000→ 0 totalExercise: $8.26Exp: 2026-02-25→ Common Stock (15,000 underlying) - Disposition to Issuer
Common Stock
2019-09-01−189,965→ 0 total - Disposition to Issuer
Stock Only Stock Appreciation Rights
2019-09-01−19,000→ 0 totalExercise: $5.79Exp: 2025-05-28→ Common Stock (19,000 underlying)
Footnotes (3)
- [F1]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.
- [F2]This SOSAR, which originally vested in 3 equal annual installments beginning on December 31, 2015, was cancelled in the merger in exchange for a cash payment of $71,872.25, based upon the closing price of the acquirer's common stock on August 27, 2019.
- [F3]This SOSAR, which originally vested in 3 equal annual installments beginning on December 31, 2016, was cancelled in the merger in exchange for a cash payment of $19,691.25, based upon the closing price of the acquirer's common stock on August 27, 2019.