Flynn Teresa Klonowski 4

4 · LSB CORP · Filed Dec 2, 2010

Form 4Exit

Period: 2010-11-30

Senior Vice President

Transactions

Disposition to Issuer
Common Stock
[F1][F2]
2010-11-30$21.03/sh−819$17,220→ 0 total(indirect: See)
Disposition to Issuer
Common Stock
[F1][F3]
2010-11-30$21.03/sh−3,284$69,049→ 0 total(indirect: See)
Disposition to Issuer
Stock Option
[F4]
2010-11-30−2,400→ 0 total
Exercise: $16.17From: 2005-05-26Exp: 2015-05-26→ Common Stock (2,400 underlying)
Disposition to Issuer
Stock Option
[F4]
2010-11-30−2,000→ 0 total
Exercise: $16.41From: 2006-12-22Exp: 2013-12-22→ Common Stock (2,000 underlying)
Disposition to Issuer
Stock Option
[F4]
2010-11-30−2,500→ 0 total
Exercise: $16.39From: 2007-12-14Exp: 2014-12-14→ Common Stock (2,500 underlying)

Footnotes (4)

[F1]Each share has been converted into the right to receive $21.00 per share (the "Merger Consideration"), together with $0.026 per share, to be paid for the 26-day period between the record date of the Issuer's most recent quarterly dividend and November 30, 2010 (the "Effective Date"), pursuant to the Agreement and Plan of Merger, dated July 15, 2010, by and among People's United Financial, Inc., People's United Bank, Bridgeport Merger Corporation, LSB Corporation, and River Bank.
[F2]The reporting person indirectly beneficially owned 819 shares that were held by the Employee Stock Ownership Plan.
[F3]The reporting person indirectly beneficially owned 3,284 shares that were held by the 401K Plan.
[F4]Each option was cancelled and converted into the right to receive a cash per share payment equal to the product of (x) the excess, if any, of the Merger Consideration over the applicable exercise price of such option and (y) the number of shares of the Issuer's common stock issuable upon exercise of the option less any applicable withholding taxes.

Signature

Pratt N. Wiley, as attorney-in-fact|2010-12-02

Documents

2 files