WHITTEMORE JOHN A 4
4 · BSB Bancorp, Inc. · Filed Apr 1, 2019
Insider Transaction Report
Form 4
WHITTEMORE JOHN A
Director
Transactions
- Other
Stock Options
2019-04-01−45,864→ 0 totalExercise: $12.04From: 2013-11-28Exp: 2022-11-28→ Common Stock (45,864 underlying) - Other
Common Stock
2019-04-01−50,992→ 0 total
Footnotes (3)
- [F1]Each share of Issuer common stock was converted into and became exchangeable for the right to receive 2.0 shares of People's United Financial, Inc. ("Purchaser") common stock.
- [F2]All unvested shares of restricted stock automatically vest in full at the Effective Time (as defined in the Agreement and Plan of Merger dated November 26, 2018, by and between the Issuer and the Purchaser), to the extent not previously forfeited, and shall be considered outstanding shares of common stock entitled to receive the Merger Consideration.
- [F3]Each option to purchase Issuer common stock, whether vested or unvested, automatically converted to the right to receive a number of shares of Purchaser common stock equal to the quotient of (A) the product of (x) the number of shares of Issuer common stock subject to such Issuer stock option, multiplied by (y) the excess, if any, of the Per Share Stock Consideration (as defined in the Agreement and Plan of Merger dated November 26, 2018, by and between the Issuer and the Purchaser) over the exercise price per share of Issuer common stock subject to such Issuer stock option divided by (B) the Purchaser share closing price, with cash payable in lieu of any fractional shares.