VanHorn Bruce 4
4 · Poage Bankshares, Inc. · Filed Dec 10, 2018
Insider Transaction Report
Form 4
VanHorn Bruce
Executive Vice President
Transactions
- Disposition to Issuer
Common Stock
2018-12-07−18,450→ 0 total - Disposition to Issuer
Common Stock
2018-12-07−5,805→ 0 total(indirect: By IRA) - Disposition to Issuer
Common Stock
2018-12-07−1,782→ 0 total(indirect: By ESOP) - Disposition to Issuer
Stock Options
2018-12-07−20,000→ 0 totalExercise: $15.00From: 2015-03-18Exp: 2024-03-18→ Common Stock (20,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of July 11, 2018, by and among City Holding Company ("City") and Poage Bankshares, Inc. ("Poage"). Poage merged with and into City, with City continuing as the surviving entity (the "Merger"). At the effective time of the Merger (the "Effective Time"), each share of Poage common stock issued and outstanding immediately prior to such time was converted into the right to receive 0.335 shares of City common stock.
- [F2]At the Effective Time, pursuant to the Agreement and Plan of Merger, dated as of July 11, 2018, by and among City and Poage, all stock options were cancelled and the reporting person received a cash payment equal to $24.44 per share minus the applicable exercise price of such option, multiplied by each stock option held