4//SEC Filing
STURGIS BANCORP INC 4
Accession 0001005477-05-001551
CIK 0001166362operating
Filed
Apr 25, 8:00 PM ET
Accepted
Apr 26, 4:28 PM ET
Size
8.6 KB
Accession
0001005477-05-001551
Insider Transaction Report
Form 4
DRESSER RAYMOND H JR
Director
Transactions
- Disposition to Issuer
Common Stock
2005-02-22$16.00/sh−375$6,000→ 21,800 total
Holdings
- 52,600(indirect: By Trust)
Common Stock
- 66,400
Common Stock
- 600
Common Stock Option
Exercise: $15.88From: 1998-04-29Exp: 2008-04-29→ Common Stock (600 underlying)
Footnotes (3)
- [F1]Mr. Dresser owned 375 shares of common stock of the Company in his Declaration of Trust Dated 07/25/1991. On February 22, 2005, the shareholders of the Company voted to enable the Company to "go private" whereby shares held by shareholders of record with fewer than 500 shares were cancelled. As a result, Mr. Dresser is entitled to receive $16.00 for each of the 375 shares owned in his Trust pursuant to the going private transaction. This was a deemed transaction and Mr. Dresser did not personally make an affirmative decision to sell his shares. To effectuate this going private transaction, sell his shares as required, and receive payment for his 375 shares owned in Trust, Mr. Dresser must send his old share certificates to the Paying/Exchange Agent acting on behalf of the Company. Mr. Dresser's certificates for these 375 shares no longer represent valid shares. As of the date of this Form 4, Mr. Dresser has not yet returned his 375 shares or recieved payment for these 375 shares.
- [F2]This going private transaction did not impact other shares of the Company either directly or beneficially owned by Mr. Dresser and previously reported.
- [F3]Reporting Person's IRA.
Documents
Issuer
STURGIS BANCORP INC
CIK 0001166362
Entity typeoperating
IncorporatedMI
Related Parties
1- filerCIK 0001166362
Filing Metadata
- Form type
- 4
- Filed
- Apr 25, 8:00 PM ET
- Accepted
- Apr 26, 4:28 PM ET
- Size
- 8.6 KB