QUAKER CITY BANCORP INC 4
4 · QUAKER CITY BANCORP INC · Filed Aug 31, 2004
Insider Transaction Report
Form 4
LEICHTFUSS DAVID L
Director
Transactions
- Disposition to Issuer
Stock Option
2004-08-31$42.90/sh−6,250$268,125→ 0 totalExercise: $12.10Exp: 2010-06-15→ Common Stock (6,250 underlying) - Disposition to Issuer
Stock Option
2004-08-31$23.85/sh−5,000$119,240→ 0 totalExercise: $31.15Exp: 2012-06-25→ Common Stock (5,000 underlying) - Disposition to Issuer
Stock Option
2004-08-31$41.88/sh−7,813$327,208→ 0 totalExercise: $13.12Exp: 2007-07-24→ Common Stock (7,813 underlying) - Disposition to Issuer
Common Stock
2004-08-31−9,095→ 0 total(indirect: By Spouse) - Disposition to Issuer
Common Stock
2004-08-31−36,832→ 0 total - Disposition to Issuer
Phantom Stock Units, 1-for-1
2004-08-31$55.00/sh−1,477$81,235→ 0 total→ Common Stock (1,477 underlying)
Footnotes (5)
- [F1]Disposed of pursuant to the merger agreement by and among issuer, Popular, Inc. ("Popular") and Popular Acquisition Corp.("Acquisition")in exchange for $55.00 per share cash consideration.
- [F2]This option, which provided for vesting in three equal annual installments beginning on the first anniversary of the grant date, was canceled in the merger with Acquisition in exchange for a cash payment representing the product of the difference between the per share exercise price of the option and $55.00 cash times the number of shares of common stock underlying the option.
- [F3]This option, which provided for full vesting on the first anniversary of the grant date, was canceled in the merger with Acquisition in exchange for a cash payment representing the product of the difference between the per share exercise price of the option and $55.00 cash times the number of shares of common stock underlying the option.
- [F4]Phantom stock shares, representing the underlying common stock on a 1-for-1 basis as part of a deferred compensation plan, and canceled in the merger in exchange for $55.00 cash per share of phantom stock.
- [F5]The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service as a director.