4//SEC Filing
QUAKER CITY BANCORP INC 4
Accession 0001181431-04-042336
CIK 0000912465operating
Filed
Aug 30, 8:00 PM ET
Accepted
Aug 31, 3:04 PM ET
Size
23.1 KB
Accession
0001181431-04-042336
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.
Documents
Issuer
QUAKER CITY BANCORP INC
CIK 0000912465
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000912465
Filing Metadata
- Form type
- 4
- Filed
- Aug 30, 8:00 PM ET
- Accepted
- Aug 31, 3:04 PM ET
- Size
- 23.1 KB