4//SEC Filing
SERVICE BANCORP INC 4
Accession 0001455244-09-000077
CIK 0001063939operating
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 10:45 AM ET
Size
12.4 KB
Accession
0001455244-09-000077
Insider Transaction Report
Form 4
ISAACS KENNETH C A
Director
Transactions
- Disposition to Issuer
Common Stock
2009-06-30$28.00/sh−10,625$297,500→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2009-06-23−2,000→ 0 totalExercise: $15.05Exp: 2012-12-17→ Common Stock (2,500 underlying) - Disposition to Issuer
Common Stock
2009-06-30$28.00/sh−2,000$56,000→ 0 total(indirect: By Trust) - Disposition to Issuer
Stock Option (right to buy)
2009-06-30−2,500→ 0 totalExercise: $7.50Exp: 2009-10-26→ Common Stock (2,500 underlying)
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of December 8, 2008 and amended as of March 18, 2009 (the "Merger Agreement"), by and among, on the one hand, Middlesex Savings Bank, a Massachusetts-chartered savings bank (the "Bank"), and Middlesex Bancorp, MHC, a Massachusetts-chartered mutual holding company and sole stockholder of the Bank, and, on the other hand, Strata Bank, a Massachusetts-chartered savings bank ("Strata Bank"), Service Bancorp, Inc., a Massachusetts corporation and the sole shareholder of Strata Bank ("Service"), and Service Bancorp, M.H.C., a Massachusetts-chartered mutual holding company and the majority shareholder of Service, all shares owned by the Reporting Person were exchanged for the per share merger consideration of $28.00.
- [F2]The reporting person disclaims ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for the purpose of Section 16 or or any other purpose.
- [F3]This option, which provided for vesting of 2,500 shares in five equal annual installments, was cancelled in the Merger for a cash payment of $51,250, representing the difference between the exercise price of the option and the per share merger consideration of $28.00
- [F4]This option, which provided for vesting of 2,000 shares in five equal annual installments, was cancelled in the Merger for a cash payment of $25,900, representing the difference between the exercise price of the option and the per share merger consideration of $28.00
Documents
Issuer
SERVICE BANCORP INC
CIK 0001063939
Entity typeoperating
IncorporatedMA
Related Parties
1- filerCIK 0001063939
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 10:45 AM ET
- Size
- 12.4 KB