SUSQUEHANNA BANCSHARES INC 4
4 · SUSQUEHANNA BANCSHARES INC · Filed Dec 27, 2011
Insider Transaction Report
Form 4
FRANCIS BERNARD A JR
SVP & Group Executive
Transactions
- Exercise/Conversion
Common Stock
2011-12-22+15,000→ 47,459.244 total - Tax Payment
Common Stock
2011-12-22$8.35/sh−4,579$38,235→ 42,880.244 total - Exercise/Conversion
Restricted Stock Units
2011-12-22−15,000→ 0 total→ Common Stock (15,000 underlying)
Footnotes (5)
- [F1]On December 22, 2009, the reporting person was granted 15,000 restricted stock units. On December 22, 2011, these restricted stock units vested in full and 15,000 shares of Susquehanna Bancshares, Inc. common stock were issued to the reporting person.
- [F2]Includes 29.7538 shares acquired on February 18, 2011, 67.8109 shares acquired on May 20, 2011, 100.0464 shares acquired on August 20, 2011 and 127.6901 shares acquired on November 21, 2011 through the Susquehanna Bancshares, Inc. dividend reinvestment plan; and 664.8936 shares acquired on June 15, 2011, 1,151.7199 shares acquired on September 15, 2011 and 499.3342 shares acquired on December 15, 2011, under the Susquehanna Bancshares, Inc. employee stock purchase plan.
- [F3]The 4,579 shares of common stock disposed of represent a portion of the grant of 15,000 restricted stock units issued on December 22, 2009 that was previously reported on a Form 4 filed with the Securities and Exchange Commission on December 24, 2009. The 15,000 restricted stock units vested in full on December 22, 2011. The shares disposed of were withheld to satisfy the reporting person's tax withholding obligation incident to the vesting of these 15,000 restricted stock units.
- [F4]Each restricted stock unit represents a contingent right to receive one share of Susquehanna Bancshares, Inc. common stock.
- [F5]These restricted stock units vest in full on December 22, 2011.