BROWN R GRATTAN JR 4
4 · NATIONAL COMMERCE FINANCIAL CORP · Filed Oct 4, 2004
Insider Transaction Report
Form 4
BROWN R GRATTAN JR
Director
Transactions
- Disposition from Tender
Common Stock
2004-10-01$34.46/sh−16,611$572,379→ 0 total(indirect: By Spouse) - Disposition from Tender
Common Stock
2004-10-01$34.46/sh−111,255$3,833,603→ 0 total - Disposition from Tender
Non-Qualified Stock Option (right to buy)
2004-10-01$34.46/sh−5,025$173,150→ 0 totalExercise: $20.30From: 2003-04-23Exp: 2013-04-23→ Common Stock (5,025 underlying) - Disposition from Tender
Non-Qualified Stock Option (right to buy)
2004-10-01$34.46/sh−2,974$102,477→ 0 totalExercise: $27.79From: 2002-04-24Exp: 2012-04-24→ Common Stock (2,974 underlying)
Footnotes (2)
- [F1]Each of the Reporting Person's shares of Issuer common stock were surrendered and exchanged for .4953 shares of SunTrust Banks, Inc. ("STI") common stock as a result of the merger of Issuer into STI. Fractional shares and shares acquired throught the reinvestment of dividends on September 15, 2004, if any, were converted into cash equivalent to $34.4578 per share. Additionally, each of the Reporting Person's stock options with the right to buy Issuer common stock were converted into .4953 options with the right to buy STI common stock and each of the Reporting Person's shares of phantom stock were converted into .4953 shares of STI phantom stock.
- [F2]The Reporting Person elected to receive STI stock for 12,000 of the Issuer shares at an exchange ratio of .4953 STI shares for each Issuer share and cash of $34.4578 per share for the remainder of the Issuer shares.