QUAKER CITY BANCORP INC 4
4 · QUAKER CITY BANCORP INC · Filed Aug 31, 2004
Insider Transaction Report
Form 4
KADOWAKI HANK
SVP Income Prop. Lending
Transactions
- 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) - Other
Common Stock
2004-06-24+992→ 14,722 total(indirect: By ESOP) - Disposition to Issuer
Common Stock
2004-08-31−14,722→ 0 total(indirect: By ESOP) - Disposition to Issuer
Employee Stock Option
2004-08-31$31.48/sh−6,250$196,750→ 0 totalExercise: $23.52Exp: 2012-01-17→ Common Stock (6,250 underlying) - Disposition to Issuer
Phantom Stock Units, 1-for-1
2004-08-31$55.00/sh−2,152$118,360→ 0 total→ Common Stock (2,152 underlying) - Disposition to Issuer
Employee Stock Option
2004-08-31$42.10/sh−25,000$1,052,500→ 0 totalExercise: $12.90Exp: 2009-05-20→ Common Stock (25,000 underlying) - Disposition to Issuer
Employee Stock Option
2004-08-31$13.79/sh−8,100$111,699→ 0 totalExercise: $41.21Exp: 2013-06-19→ Common Stock (8,100 underlying) - Other
Common Stock
2004-03-31+1,172→ 13,730 total(indirect: By ESOP) - Disposition to Issuer
Employee Stock Option
2004-08-31$40.72/sh−15,625$636,250→ 0 totalExercise: $14.28Exp: 2008-04-21→ Common Stock (15,625 underlying) - Disposition to Issuer
Common Stock
2004-08-31−1,757→ 0 total
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.