Scolaro Peter F 4
4 · Meridian Bancorp, Inc. · Filed Nov 15, 2021
Insider Transaction Report
Form 4
Scolaro Peter F
Director
Transactions
- Disposition to Issuer
Common Stock
2021-11-12−10,308→ 0 total - Disposition to Issuer
Common Stock
2021-11-12−2,548→ 0 total(indirect: By IRA) - Disposition to Issuer
Stock Options
2021-11-12−7,500→ 0 totalExercise: $19.30From: 2019-07-10Exp: 2028-07-10→ Common Stock (7,500 underlying)
Footnotes (4)
- [F1]Shares of restricted stock vest at a rate of 20% per year commencing on July 10, 2019.
- [F2]Stock options vest at a rate of 20% per year commencing on July 10, 2019.
- [F3]Each share of Issuer common stock was converted into and became exchangeable for the right to receive 0.275 shares of Independent Bank Corp. ("Buyer") common stock.
- [F4]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 $24.926 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.