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4//SEC Filing

TEXAS UNITED BANCSHARES INC 4

Accession 0001181431-07-008105

CIK 0001169238operating

Filed

Feb 1, 7:00 PM ET

Accepted

Feb 2, 4:52 PM ET

Size

7.3 KB

Accession

0001181431-07-008105

Insider Transaction Report

Form 4
Period: 2007-01-31
GREEN MALVIN O
CCO of State Bank
Transactions
  • Disposition to Issuer

    Common Stock

    2007-01-312,1000 total
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2007-01-312,5000 total
    Exercise: $18.00Exp: 2015-03-24Common Stock (2,100 underlying)
Footnotes (2)
  • [F1]Disposed of pursuant to the merger agreement between the issuer and Prosperity Bancshares, Inc. in exchange for 2,100 shares of Prosperity common stock, having a market value of $35.00 per share on the effective date of the merger.
  • [F2]This option, which provided for 20% vesting over a five year period begining on March 24, 2005, was assumed by Prosperity Bancshares, Inc. in the merger and converted into an option to purchase 2,500 shares of Prosperity common stock for $18.00 per share and became fully vested pursuant to the terms of the merger agreement.

Issuer

TEXAS UNITED BANCSHARES INC

CIK 0001169238

Entity typeoperating
IncorporatedTX

Related Parties

1
  • filerCIK 0001169238

Filing Metadata

Form type
4
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 4:52 PM ET
Size
7.3 KB