Marzullo John P 4
4 · Hamilton Bancorp, Inc. · Filed May 3, 2019
Insider Transaction Report
Form 4
Marzullo John P
VP, CFO and Treasurer
Transactions
- Tax Payment
Common Stock
2019-05-01$15.76/sh−450$7,092→ 4,579 total - Other
Common Stock
2019-05-01−3,514→ 0 total(indirect: By ESOP) - Other
Stock Options
2019-05-01−3,357→ 0 totalExercise: $14.25Exp: 2028-04-01→ Common Stock (3,357 underlying) - Other
Common Stock
2019-05-01−4,579→ 0 total - Other
Stock Options
2019-05-01−18,500→ 0 totalExercise: $13.85Exp: 2024-02-03→ Common Stock (18,500 underlying)
Footnotes (4)
- [F1]Each share of Issuer common stock was converted into and became exchangeable for the right to receive (i) $4.10 in cash and (ii) 0.54 shares of Orrstown Financial Services, Inc. ("Buyer") common stock.
- [F2]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 $16.90 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.
- [F3]All unvested shares of restricted stock automatically vest in full at the Effective Time (as defined in the Agreement and Plan of Merger dated October 23, 2018, by and among Buyer and the Issuer, to the extent not previously forfeited, and shall be considered outstanding shares of common stock entitled to receive the Merger Consideration.
- [F4]Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.