QUAKER CITY BANCORP INC 4
4 · QUAKER CITY BANCORP INC · Filed Aug 31, 2004
Insider Transaction Report
Form 4
RAMS HAROLD L
SVP Capital Markets
Transactions
- Other
Common Stock
2004-03-31+1,233→ 20,605 total(indirect: By ESOP) - Disposition to Issuer
Employee Stock Option
2004-08-31$41.88/sh−15,625$654,375→ 0 totalExercise: $13.12Exp: 2007-07-24→ Common Stock (15,625 underlying) - Disposition to Issuer
Phantom Stock Units, 1-for-1
2004-08-31$55.00/sh−4,947$272,085→ 0 total→ Common Stock (4,947 underlying) - Disposition to Issuer
Common Stock
2004-08-31−21,619→ 0 total(indirect: By ESOP) - Disposition to Issuer
Employee Stock Option
2004-08-31$13.79/sh−7,950$109,631→ 0 totalExercise: $41.21Exp: 2013-06-19→ Common Stock (7,950 underlying) - Disposition to Issuer
Common Stock
2004-08-31−2→ 0 total - Disposition to Issuer
Employee Stock Option
2004-08-31$42.10/sh−6,250$263,125→ 0 totalExercise: $12.90Exp: 2009-05-20→ Common Stock (6,250 underlying) - Other
Common Stock
2004-06-24+1,014→ 21,619 total(indirect: By ESOP) - Disposition to Issuer
Employee Stock Option
2004-08-31$23.85/sh−3,500$83,468→ 0 totalExercise: $31.15Exp: 2012-06-25→ Common Stock (3,500 underlying)
Footnotes (6)
- [F1]Shares allocated to the reporting person's participant account for plan year 2003 under the Quaker City Bank Employee Stock Ownership Plan (ESOP). The shares were valued at $46.131 per share at December 31, 2003.
- [F2]Shares allocated to the reporting person's participant account for plan year 2004 under the Quaker City Bank Employee Stock Ownership Plan (ESOP). The shares were valued at $54.78 per share at April 29, 2004, the record date for the Special ESOP Allocation pursuant to the merger agreement by and among issuer, Popular, Inc. ("Popular") and Popular Acquisition Corp("Acquisition").
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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 an executive officer.