TEXAS REGIONAL BANCSHARES INC 4
4 · TEXAS REGIONAL BANCSHARES INC · Filed Nov 13, 2006
Insider Transaction Report
Form 4
Grisham Stanley V
Regional President
Transactions
- Award
Class A Common Stock
2006-11-06$36.14/sh+89.287$3,227→ 1,015.312 total(indirect: By Trust) - Disposition to Issuer
Class A Common Stock
2006-11-10$38.90/sh−1,015.312$39,496→ 0 total(indirect: By Trust) - Disposition to Issuer
Nonstatutory Stock Option (right to buy)
2006-11-10$38.90/sh−1,100$42,790→ 0 totalExercise: $26.96Exp: 2015-04-15→ Class A Common Stock (1,100 underlying) - Disposition to Issuer
Incentive Stock Option (right to buy)
2006-11-10$38.90/sh−681$26,491→ 0 totalExercise: $17.48From: 2004-08-01Exp: 2012-05-31→ Class A Common Stock (681 underlying) - Disposition to Issuer
Incentive Stock Option (right to buy)
2006-11-10$38.90/sh−260$10,114→ 0 totalExercise: $17.48From: 2003-08-01Exp: 2012-05-31→ Class A Common Stock (260 underlying) - Disposition to Issuer
Incentive Stock Option (right to buy)
2006-11-10$38.90/sh−1,100$42,790→ 0 totalExercise: $26.96Exp: 2015-04-15→ Class A Common Stock (1,100 underlying) - Disposition to Issuer
Nonstatutory Stock Option (right to buy)
2006-11-10$38.90/sh−260$10,114→ 0 totalExercise: $17.48From: 2003-08-01Exp: 2012-05-31→ Class A Common Stock (260 underlying) - Disposition to Issuer
Incentive Stock Option (right to buy)
2006-11-10$38.90/sh−3,300$128,370→ 0 totalExercise: $24.86Exp: 2014-04-15→ Class A Common Stock (3,300 underlying) - Disposition to Issuer
Nonstatutory Stock Option (right to buy)
2006-11-10$38.90/sh−3,300$128,370→ 0 totalExercise: $24.86Exp: 2014-04-15→ Class A Common Stock (3,300 underlying) - Disposition to Issuer
Nonstatutory Stock Option (right to buy)
2006-11-10$38.90/sh−5,000$194,500→ 0 totalExercise: $28.49Exp: 2016-04-15→ Class A Common Stock (5,000 underlying) - Disposition to Issuer
Nonstatutory Stock Option (right to buy)
2006-11-10$38.90/sh−681$26,491→ 0 totalExercise: $17.48From: 2004-08-01Exp: 2012-05-31→ Class A Common Stock (681 underlying) - Disposition to Issuer
Incentive Stock Option (right to buy)
2006-11-10$38.90/sh−5,000$194,500→ 0 totalExercise: $28.49Exp: 2016-04-15→ Class A Common Stock (5,000 underlying)
Footnotes (7)
- [F1]The amount represents shares allocated to my account as a participant in the Texas Regional Bancshares, Inc. Employees 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, 2004.
- [F4]20% of the options become exercisable on August 1st of each year beginning August 1, 2005.
- [F5]20% of the options become exercisable on August 1st of each year beginning August 1, 2006.
- [F6]20% of the options become exercisable on April 25th of each year beginning April 25, 2007.
- [F7]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.