MONTEREY BAY BANCORP INC 4
4 · MONTEREY BAY BANCORP INC · Filed Jul 2, 2003
Insider Transaction Report
Form 4
No transactions or holdings reported in this filing.
Footnotes (2)
- [F1]Stock disposed of pursuant to the Agreement and Plan of Merger ("the Merger Agreement") by and among Union Bank of California, N.A., UnionBanCal Corporation, Monterey Bay Bank and Monterey Bay Bancorp, Inc. dated April 7, 2003 in exchange for either approximately 0.6269 of a share of UnionBanCal Corporation common stock (having a value of $41.993 average closing price as specified in the Merger Agreement) or approximately $26.3245 per share in cash.
- [F2]This option, which provided for immediate vesting on the date of grant, was cancelled in the merger in exchange for a cash payment representing the difference between approximately $26.3245 and the exercise price of the option.