4//SEC Filing
METRO BANCORP, INC. 4
Accession 0001520654-16-000027
CIK 0001085706operating
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 1:01 PM ET
Size
9.9 KB
Accession
0001520654-16-000027
Insider Transaction Report
Form 4
Moser Percival B
Chief Operating Officer
Transactions
- Disposition to Issuer
Common Stock
2016-02-13−35,493→ 0 total - Disposition to Issuer
Incentive Stock Option (Right to Buy)
2016-02-13−4,400→ 0 totalExercise: $19.55From: 2015-02-21Exp: 2024-02-21→ Common Stock (4,400 underlying) - Disposition to Issuer
Incentive Stock Option (Right to Buy)
2016-02-13−5,000→ 0 totalExercise: $25.43From: 2016-02-21Exp: 2025-02-21→ Common Stock (5,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger between issuer and F.N.B. Corporation ("FNB")dated as of August 4, 2015 pursuant to which issuer was merged into FNB on February 13, 2016. Pursuant to the merger agreement, each issued and outstanding share of issuer common stock was converted into 2.373 shares of FNB common stock. Following the merger, the reporting person no longer owns directly or indirectly any shares of issuer common stock.
- [F2]Pursuant to the merger agreement with FNB, each option to purchase issuer common stock outstanding and unexercised immediately prior to the effective time of the merger was assumed by FNB and converted into an option to purchase shares of FNB common stock. The number of FNB options into which the issuer options were converted was determined by multiplying each issuer option by 2.373. Any fractional shares of FNB common stock resulting from this multiplication was rounded down to the nearest share.
- [F3]The exercise price for the FNB options into which the issuer options were converted is the amount (rounded up to the nearest whole cent)equal to the per share exercise price under each issuer option divided by 2.373.
Documents
Issuer
METRO BANCORP, INC.
CIK 0001085706
Entity typeoperating
Related Parties
1- filerCIK 0001085706
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 1:01 PM ET
- Size
- 9.9 KB