FANELLI A J 4
4 · PRUDENTIAL BANCORP, INC. · Filed Jul 6, 2022
Insider Transaction Report
Form 4
FANELLI A J
Director
Transactions
- Disposition to Issuer
Common Stock
2021-07-01−36,361→ 0 total - Disposition to Issuer
Stock Option
2022-07-01−5,000→ 0 totalExercise: $12.23From: 2016-02-18Exp: 2025-02-18→ Common Stock (5,000 underlying) - Disposition to Issuer
Stock Option
2022-07-01−5,707→ 0 totalExercise: $17.43From: 2018-03-01Exp: 2027-03-01→ Common Stock (5,707 underlying)
Footnotes (2)
- [F1]Disposed pursuant to a merger agreement dated March 1, 2022 between Prudential Bancorp, Inc. ("Prudential") and Fulton Financial Corporation ("Fulton") pursuant to which each share of Prudential common stock was entitled to receive (i) 0.7974 of a share of Fulton common stock and (ii) $3.65 in cash. The merger was effective July 1, 2022.
- [F2]The options were cancelled in connection with the merger in exchange for a cash payment equal to the difference between $18.25 and exercise price of the option multiplied by the number of shares subject to the option.