Bars Michael A 4
4 · United Financial Bancorp, Inc. · Filed Nov 4, 2019
Insider Transaction Report
Form 4
Bars Michael A
Director
Transactions
- Disposition to Issuer
Stock Options
2019-11-01−5,682→ 0 totalExercise: $10.99From: 2013-06-21Exp: 2022-06-21→ Common Stock (5,682 underlying) - Disposition to Issuer
Stock Options
2019-11-01−2,017→ 0 totalExercise: $10.99From: 2012-06-21Exp: 2022-06-21→ Common Stock (2,017 underlying) - Disposition to Issuer
Common Stock
2019-11-01−72,499→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of July 15, 2019 (the "Merger Agreement"), by and between United Financial Bancorp, Inc. ("UBNK") and People's United Financial, Inc. ("People's United"), in exchange for 0.875 shares of common stock of People's United ("People's United Common Stock") per share of common stock of UBNK, with cash payable in lieu of any fractional shares. As a result of the merger, the reporting person no longer beneficially owns directly or indirectly any shares of issuer common stock.
- [F2]Pursuant to the Merger Agreement, each UBNK stock option, whether or not then vested or free of conditions to payment, was cancelled and converted automatically into the right to receive a number of shares of People's United Common Stock specified in the Merger Agreement.