KEEGAN GERARD C 4
4 · ASTORIA FINANCIAL CORP · Filed Oct 3, 2017
Insider Transaction Report
Form 4
KEEGAN GERARD C
DirectorVice Chairman&Chief Admin Off
Transactions
- Disposition to Issuer
Common Stock
2017-10-02−35,700→ 0 total(indirect: RSA) - Disposition to Issuer
Common Stock
2017-10-02−14,400→ 0 total(indirect: RSU) - Disposition to Issuer
Common Stock
2017-10-02−2,922→ 0 total(indirect: RSA) - Disposition to Issuer
Common Stock
2017-10-02−162,814→ 0 total
Footnotes (5)
- [F1]Disposed of pursuant to the merger agreement between the Issuer and Sterling Bancorp ("Sterling"), dated March 6, 2017 (the "Merger Agreement"), pursuant to which the Issuer was merged with and into Sterling on October 2, 2017 (the "Effective Time"). Pursuant to the Merger Agreement, as of the Effective Time, (i) each issued and outstanding share of the Issuer's common stock was converted into the right to receive 0.875 of a share of Sterling common stock and cash in lieu of fractional shares (the "Merger Consideration"), and (ii) each outstanding restricted stock award and restricted stock unit award fully vested and was cancelled and converted automatically into the right to receive the Merger Consideration in respect of each share of the Issuer's common stock underlying such award.
- [F2]As of the Effective Time, the Sterling common stock had a market value of $24.85 per share. As a result of the merger, the Reporting Person no longer beneficially owns directly or indirectly any shares of the Issuer's common stock.
- [F3]Represents award of restricted stock units dated April 27, 2015 pursuant to the 2014 Stock Incentive Plan for Officers and Employees of Astoria Financial Corporation (the "2014 Plan").
- [F4]Represents award of restricted stock dated February 1, 2016 pursuant to the 2014 Plan.
- [F5]Represents award of restricted stock dated March 22, 2017 pursuant to the 2014 Plan.