4//SEC Filing
Corelli Julia D 4
Accession 0001437749-23-020067
CIK 0001550603other
Filed
Jul 16, 8:00 PM ET
Accepted
Jul 17, 5:18 PM ET
Size
16.9 KB
Accession
0001437749-23-020067
Insider Transaction Report
Form 4
Corelli Julia D
Director
Transactions
- Disposition to Issuer
Common Stock
2023-07-17−14,163.97→ 0 total - Disposition to Issuer
Stock Options
2023-07-17−1,000→ 0 totalExercise: $20.90Exp: 2029-02-26→ Common Stock (1,000 underlying) - Disposition to Issuer
Stock Options
2023-07-17−1,000→ 0 totalExercise: $16.05Exp: 2032-05-03→ Common Stock (1,000 underlying) - Disposition to Issuer
Stock Options
2023-07-17−1,000→ 0 totalExercise: $20.28Exp: 2030-02-26→ Common Stock (1,000 underlying) - Disposition to Issuer
Stock Options
2023-07-17−1,000→ 0 totalExercise: $18.69Exp: 2031-04-01→ Common Stock (1,000 underlying) - Disposition to Issuer
Common Stock
2023-07-17−7,142→ 0 total(indirect: By IRA) - Disposition to Issuer
Stock Options
2023-07-17−1,000→ 0 totalExercise: $17.86Exp: 2033-03-06→ Common Stock (1,000 underlying)
Footnotes (2)
- [F1]The shares were disposed of pursuant to the Agreement and Plan of Merger dated as of December 13, 2022, as amended by the amendments thereto (the "Merger Agreement"), by and among Malvern Bancorp, Inc. (the "Company"), Malvern Bank, National Association, First Bank, and FB Merger Subsidiary LLC. Pursuant to the Merger Agreement each share of Company common stock was converted into .7733 shares of common stock of First Bank and $7.80 in cash.
- [F2]These stock options, which provided for vesting in five equal annual installments beginning on the date of grant, were fully vested and canceled pursuant to the Merger Agreement in exchange for a cash payment equal to the product of (a) the number of shares of Malvern Bancorp Common Stock underlying such stock option multiplied by (b) the excess, if any, of (i) the 0.7733 exchange ratio multiplied by the average closing price of First Bank common stock for the 20 trading days preceding the 10th day prior to the closing date of the merger, plus $7.80 in cash over (ii) the per share exercise price of such option.
Documents
Issuer
MALVERN BANCORP, INC.
CIK 0001550603
Entity typeother
Related Parties
1- filerCIK 0001726766
Filing Metadata
- Form type
- 4
- Filed
- Jul 16, 8:00 PM ET
- Accepted
- Jul 17, 5:18 PM ET
- Size
- 16.9 KB