4//SEC Filing
Sooy Thomas C. 4
Accession 0001738123-22-000003
CIK 0001499453other
Filed
Apr 10, 8:00 PM ET
Accepted
Apr 11, 6:55 PM ET
Size
10.3 KB
Accession
0001738123-22-000003
Insider Transaction Report
Form 4
Sooy Thomas C.
Director
Transactions
- Disposition to Issuer
Common Stock
2022-04-08−45,456→ 0 total - Disposition to Issuer
Stock Options (right to buy)
2022-04-08−3,000→ 0 totalExercise: $21.00From: 2023-05-03Exp: 2028-05-03→ Common Stock (3,000 underlying) - Disposition to Issuer
Stock Options (right to buy)
2022-04-08−5,000→ 0 totalExercise: $16.00From: 2020-08-15Exp: 2025-08-15→ Common Stock (5,000 underlying)
Footnotes (3)
- [F1]Disposed of in connection the Agreement and Plan of Merger, dated November 18, 2021 (the "Merger Agreement"), by and between Simmons First National Corporation ("Simmons") and Spirit of Texas Bancshares, Inc. ("Issuer"), pursuant to which the Issuer was merged with and into Simmons, with Simmons surviving (the "Merger"). Pursuant to the Merger, each issued and outstanding shares of Issuer common stock and restricted stock units were converted into the right to receive 1.0016722 shares of Simmons common stock. The closing price of Simmons common stock on April 8, 2022, the effective date of the Merger, was $25.44. As a result of the Merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of Issuer common stock.
- [F2]This option, which provided for vesting in five equal annual installments beginning 08/15/2020 was canceled in the Merger in exchange for a cash payment of $59,793.38, representing the difference between the exercise price of the option and the fully diluted per share value of the underlying STXB common stock on the effective date of the merger.
- [F3]This option, which provided for vesting in five equal annual installments beginning 05/03/2023 was canceled in the Merger in exchange for a cash payment of $20,876.03, representing the difference between the exercise price of the option and the fully diluted per share value of the underlying STXB common stock on the effective date of the merger.
Documents
Issuer
Spirit of Texas Bancshares, Inc.
CIK 0001499453
Entity typeother
Related Parties
1- filerCIK 0001738123
Filing Metadata
- Form type
- 4
- Filed
- Apr 10, 8:00 PM ET
- Accepted
- Apr 11, 6:55 PM ET
- Size
- 10.3 KB