Seidel Richard B. 4
4 · TriState Capital Holdings, Inc. · Filed Feb 25, 2020
Insider Transaction Report
Form 4
Seidel Richard B.
Director
Transactions
- Disposition to Issuer
Stock Options (Right to Buy)
2020-02-21$14.61/sh−6,000$87,660→ 0 totalExercise: $8.00From: 2013-06-30Exp: 2020-12-31→ Common Stock (6,000 underlying)
Holdings
- 2,000
Depositary Shares
- 5,000(indirect: By Spouse)
Common Stock
- 48,201
Common Stock
Footnotes (2)
- [F1]The Reporting Person disclaims beneficial ownership of these securities, which are owned by his spouse, except to the extent of any indirect pecuniary interest therein.
- [F2]Pursuant to a Company option cancellation program, and by mutual agreement of the Reporting Person and the Company, each vested and outstanding option to purchase common stock of the Company held by the Reporting Person was cancelled in exchange for a cash payment to the Reporting Person. The Reporting Person received $87,660 as consideration for the cancellation, an amount arrived at by multiplying (i) the number of options cancelled by (ii) the Company's stock price on February 20, 2020, less the exercise price of such options.