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TEXAS REGIONAL BANCSHARES INC 4

Accession 0001179110-06-021452

CIK 0000787648operating
View on SEC.govCompany Profile

Filed

Nov 12, 7:00 PM ET

Accepted

Nov 13, 11:58 AM ET

Size

16.1 KB

Accession

0001179110-06-021452

Insider Transaction Report

Form 4
Period: 2006-11-06
TEXAS REGIONAL BANCSHARES INCTRBS
Bevil Craig J
Banking Center President
Transactions
  • Disposition to Issuer

    Nonstatutory Stock Option (right to buy)

    2006-11-10$38.90/sh−2,750$106,975→ 0 total
    Exercise: $26.58Exp: 2015-04-15→ Class A Common Stock (2,750 underlying)
  • Disposition to Issuer

    Incentive Stock Option (right to buy)

    2006-11-10$38.90/sh−4,000$155,600→ 0 total
    Exercise: $28.49Exp: 2016-04-15→ Class A Common Stock (4,000 underlying)
  • Award

    Class A Common Stock

    2006-11-06$35.99/sh+86.367$3,108→ 141.238 total(indirect: By Trust)
  • Disposition to Issuer

    Incentive Stock Option (right to buy)

    2006-11-10$38.90/sh−2,750$106,975→ 0 total
    Exercise: $26.58Exp: 2015-04-15→ Class A Common Stock (2,750 underlying)
  • Disposition to Issuer

    Class A Common Stock

    2006-11-10$38.90/sh−141.238$5,494→ 0 total(indirect: By Trust)
  • Disposition to Issuer

    Nonstatutory Stock Option (right to buy)

    2006-11-10$38.90/sh−4,000$155,600→ 0 total
    Exercise: $28.49Exp: 2016-04-15→ Class A Common Stock (4,000 underlying)
Footnotes (5)
  • [F1]The amount represents shares allocated to my account as a participant in the Texas Regional Bancshares, Inc. Employee Stock Ownership Plan (the ESOP) since the last required filing.
  • [F2]The amount represents disposition of shares in my ESOP account as a result of the merger between Texas Regional Bancshares, Inc. (TRBS) and Banco Bilbao Vizcaya Argentaria, S.A. (BBVA).
  • [F3]20% of the options become exercisable on August 1st of each year beginning August 1, 2006.
  • [F4]20% of the options become exercisable on April 25th of each year beginning April 25, 2007.
  • [F5]These options (whether vested or unvested) were exchanged for cash on the effective date of the merger in an amount equal to the excess of $38.90 per share over the strike price per share as contemplated by the Agreement and Plan of Merger dated June 12, 2006 between TRBS and BBVA.

Documents

1 file

Issuer

TEXAS REGIONAL BANCSHARES INC

CIK 0000787648

→
Entity typeoperating
IncorporatedTX

Related Parties

1
  • filerCIK 0000787648

Filing Metadata

Form type
4
Filed
Nov 12, 7:00 PM ET
Accepted
Nov 13, 11:58 AM ET
Size
16.1 KB
View on SEC.gov