KELLY JOHN C 4
4 · PHSB FINANCIAL CORP · Filed Feb 15, 2005
Insider Transaction Report
Form 4
KELLY JOHN C
Director
Transactions
- Disposition to Issuer
Common Stock
2005-02-11−79,067→ 0 total - Disposition to Issuer
Options - Right to Buy
2005-02-11$11.49/sh−4,733$54,382→ 0 totalExercise: $15.51Exp: 2012-12-23→ Common Stock (4,733 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to merger agreement between issuer and ESB Financial Corporation in exchange for either $27.00 cash or 1.966 shares of ESB Financial Corporation.
- [F2]This option, which provided for vesting in three equal annual installments beginning December 28, 2002, was cancelled in the merger in exchange for a cash payment of $54,382.17, representing the difference between the exercise price of the option and the market value of the underlying PHSB common stock on the effective date of the merger ($27.00 per share).