4//SEC Filing
Jacobsen J Christopher 4
Accession 0001437749-23-017728
CIK 0001594555other
Filed
Jun 15, 8:00 PM ET
Accepted
Jun 16, 4:46 PM ET
Size
13.1 KB
Accession
0001437749-23-017728
Insider Transaction Report
Form 4
HV Bancorp, Inc.HVBC
Jacobsen J Christopher
EVP and COO
Transactions
- Disposition to Issuer
Stock Options
2023-06-16Exercise: $14.80From: 2019-06-13Exp: 2028-06-13→ Common Stock (25,000 underlying) - Disposition to Issuer
Common Stock
2023-06-16−9,073→ 0 total - Disposition to Issuer
Common Stock
2023-06-16−22,064→ 0 total(indirect: By IRA) - Disposition to Issuer
Common Stock
2023-06-16−6,518→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Common Stock
2023-06-16−1,491→ 0 total(indirect: By ESOP) - Tax Payment
Common Stock
2023-06-14$34.90/sh−1,927$67,252→ 9,073 total
Footnotes (2)
- [F1]Pursuant to a merger agreement between the Issuer and Citizens Financial Services, Inc. ("CZFS"), each share of Issuer common stock was converted into and became exchangeable for the right to receive, at the election of the holder, either (i) $30.50 in cash or (ii) 0.4040 shares of CZFS common stock, subject to allocation procedures to ensure that 20% of the outstanding shares of Issuer common stock are exchanged for cash and 80% of the outstanding shares of Issuer common stock are exchanged for shares of CZFS common stock.
- [F2]Each option to purchase Issuer common stock, whether vested or unvested, automatically converted to the right to receive a cash payment equal to (i) the number of shares of Issuer common stock provided for in such option multiplied by (ii) the excess, if any, of $30.50 over the exercise price per share of Issuer common stock provided for in such option, which cash payment was made without interest and net of all applicable withholding taxes.
Documents
Issuer
HV Bancorp, Inc.
CIK 0001594555
Entity typeother
Related Parties
1- filerCIK 0001693963
Filing Metadata
- Form type
- 4
- Filed
- Jun 15, 8:00 PM ET
- Accepted
- Jun 16, 4:46 PM ET
- Size
- 13.1 KB