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4//SEC Filing

TEXAS REGIONAL BANCSHARES INC 4

Accession 0001179110-06-021463

CIK 0000787648operating
View on SEC.govCompany Profile

Filed

Nov 12, 7:00 PM ET

Accepted

Nov 13, 12:08 PM ET

Size

21.8 KB

Accession

0001179110-06-021463

Insider Transaction Report

Form 4
Period: 2006-10-26
TEXAS REGIONAL BANCSHARES INCTRBS
Parsons J Pat
Regional President
Transactions
  • Disposition to Issuer

    Nonstatutory Stock Option (right to buy)

    2006-11-10$38.90/sh−4,400$171,160→ 0 total
    Exercise: $24.96Exp: 2015-04-15→ Class A Common Stock (4,400 underlying)
  • Disposition to Issuer

    Nonstatutory Stock Option (right to buy)

    2006-11-10$38.90/sh−6,600$256,740→ 0 total
    Exercise: $24.86Exp: 2014-04-15→ Class A Common Stock (6,600 underlying)
  • Award

    Class A Common Stock

    2006-10-26$38.20/sh+2.643$101→ 361.242 total(indirect: By Trust)
  • Disposition to Issuer

    Class A Common Stock

    2006-11-10$38.90/sh−361.242$14,052→ 0 total(indirect: By Trust)
  • Disposition to Issuer

    Class A Common Stock

    2006-11-10$38.90/sh−33,000$1,283,700→ 0 total
  • Disposition to Issuer

    Incentive Stock Option (right to buy)

    2006-11-10$38.90/sh−6,600$256,740→ 0 total
    Exercise: $24.86Exp: 2014-04-15→ Class A Common Stock (6,600 underlying)
  • Disposition to Issuer

    Incentive Stock Option (right to buy)

    2006-11-10$38.90/sh−4,400$171,160→ 0 total
    Exercise: $24.96Exp: 2015-04-15→ Class A Common Stock (4,400 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)
  • 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 (6)
  • [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, 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 April 25th of each year beginning April 25, 2007.
  • [F6]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, 12:08 PM ET
Size
21.8 KB
View on SEC.gov