WELDGEN THOMAS J 4
4 · FSB Bancorp, Inc. · Filed May 1, 2020
Insider Transaction Report
Form 4Exit
WELDGEN THOMAS J
Director
Transactions
- Disposition to Issuer
Common Stock
[F1]2020-05-01−3,200→ 0 total - Disposition to Issuer
Common Stock
[F1]2020-05-01−50→ 0 total(indirect: By Spouse) - Disposition to Issuer
Stock Options
[F2]2020-05-01−7,000→ 0 totalExercise: $16.72From: 2018-10-02Exp: 2027-10-02→ Common Stock (7,000 underlying)
Footnotes (2)
- [F1]Each share of Issuer common stock was converted into and became exchangeable for the right to receive, at the election of the holder, (i) $17.80 in cash and (ii) 0.4394 shares of Evans Bancorp, 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 $17.80 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.
Signature
/s/ Benjamin M. Azoff, pursuant to power of attorney|2020-05-01