Houston David J Jr. 4
4 · Blue Hills Bancorp, Inc. · Filed Apr 1, 2019
Insider Transaction Report
Form 4
Houston David J Jr.
DirectorOther
Transactions
- Other
Common Stock
2019-04-01−21,007.656→ 0 total - Other
Common Stock
2019-04-01−5,425.43→ 0 total(indirect: By Spouse) - Other
Option (right to buy)
2019-04-01−55,000→ 0 totalExercise: $14.07From: 2016-10-07Exp: 2025-10-07→ Blue Hills Bancorp, Inc. Common Stock (55,000 underlying) - Other
Common Stock
2019-04-01−44,532→ 0 total(indirect: By IRA) - Other
Common Stock
2019-04-01−1,000→ 0 total(indirect: By Partnership)
Footnotes (3)
- [F1]Each share of Issuer common stock was converted into and became exchangeable for the right to receive (i) $5.25 in cash and (ii) 0.2308 shares of Independent Bank Corp. (Buyer) 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 September 20, 2018, by and among Buyer, Rockland Trust Company, the Issuer, and Blue Hills Bank, 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 cash payment equal to (i) the number of shares of Issuer common stock provided for in such option and (ii) the excess, if any, of $26.25 over the exercise price per share of Issuer common stock provided for in such option, which cash payment shall be made without interest and shall be net of all applicable withholding taxes.