TEXAS REGIONAL BANCSHARES INC 4
4 · TEXAS REGIONAL BANCSHARES INC · Filed Nov 13, 2006
Insider Transaction Report
Form 4
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 totalExercise: $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 totalExercise: $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 totalExercise: $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 totalExercise: $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.