CHITTENDEN CORP /VT/ 4
4 · CHITTENDEN CORP /VT/ · Filed Jan 3, 2008
Insider Transaction Report
Form 4
KELLY JOHN W
Chief Banking Officer
Transactions
- Disposition to Issuer
Stock Options
2008-01-03$35.52/sh−246,342$8,750,068→ 0 totalExercise: $25.34From: 2007-12-27Exp: 2008-01-03→ Common Stock (0 underlying)
Footnotes (1)
- [F2]Options which were fully vested were canceled in the merger in exchange for an amount equal to the number of shares of the Company's common stock subject to each Unexercised Option, multiplied by the excess, if any, of the fair market value of the Company's common stock on 12-26-07, over the exercise price of the Unexercised Options.