Maroney Kevin D 4
4 · EVANS BANCORP INC · Filed May 18, 2020
Insider Transaction Report
Form 4
Maroney Kevin D
Director
Transactions
- Award
Common Stock
2020-05-14+2,088→ 2,088 total(indirect: By Trust)
Holdings
- 4,711
Common Stock
Footnotes (2)
- [F1]Received, in addition to $51,532.02, in exchange for 7,445 shares of FSB Bancorp, Inc. ("FSB") common stock allocated to Mr. Maroney's FSB ESOP account on May 14, 2020 in connection with the merger of FSB with and into Evans Bancorp, Inc. ("Evans") effective May 1, 2020 (the "Merger").
- [F2]Received in exchange for 10,722 shares of FSB common stock in connection with the Merger. At the effective time of the Merger at 12:01 a.m. on May 1, 2020 (the "Effective Time"), each outstanding share of FSB common stock converted into the right to receive, at the election of each holder, either, 0.4394 shares of Evans common stock and $17.80 in cash (the "Merger Consideration"). On April 30, 2020, the last trading day before the Effective Time, the closing price of FSB's common stock was $13.36 per share and the closing price of Evans' common stock was $27.77 per share. All fractional share holdings were paid in cash.