SUNDERLAND KLARE S 4
4 · TOWER BANCORP INC · Filed Apr 1, 2009
Insider Transaction Report
Form 4
SUNDERLAND KLARE S
Director
Transactions
- Award
Common Stock
2009-03-31+3,150→ 3,150 total - Award
Director Stock Option (right to buy)
2009-03-31+1,260→ 1,260 totalExercise: $30.96From: 2009-03-31Exp: 2018-07-17→ Common Stock (1,260 underlying) - Award
Common Stock
2009-03-31+182,033→ 182,533 total(indirect: By Trust) - Award
Common Stock
2009-03-31+5,670→ 5,670 total(indirect: By Spouse)
Footnotes (5)
- [F1]Received in exchange for 7,500 shares of Graystone Financial Corp. common stock in connection with merger of Graystone Financial Corp. into Tower Bancorp, Inc. (the "Merger"). Pursuant to the Agreement and Plan of Merger, dated November 12, 2008, each share of Graystone Financial Corp. was exchanged for 0.42 shares of Tower Bancorp, Inc. common stock.
- [F2]Received in the Merger in exchange for 13,500 shares of Graystone Financial Corp. common stock.
- [F3]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- [F4]Received in the Merger in exchange for 433,412 shares of Graystone Financial Corp. common stock.
- [F5]Received in the Merger in exchange for a director stock option to acquire 3,000 shares of Graystone Financial Corp. common stock for $13.00 per share.