4//SEC Filing
SOVEREIGN BANCORP INC 4
Accession 0001223524-05-000001
CIK 0000811830operating
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 5:06 PM ET
Size
10.7 KB
Accession
0001223524-05-000001
Insider Transaction Report
Form 4
THOMPSON LAWRENCE M JR
Vice Chairman & CAO
Transactions
- Award
Common stock (Restricted, subject to vesting)
2005-02-16+8,869→ 0 total - Award
Common stock (Restricted, subject to vesting)
2005-02-16+5,913→ 41,199 total
Holdings
- 189,586
Common stock
- 35,504
Common stock (Bonus recognition and retention plan)
- 70,000(indirect: By Spouse)
Common stock
- 18,367(indirect: ESOP)
Common stock
- 9,398(indirect: By 401(k))
Common stock
Footnotes (2)
- [F1]The restrictions shall lapse five years after the date of the award (February 16, 2010) but only after Sovereign Bancorp, Inc. common stock closes at or above $30.00 per share for 20 consecutive trading days (the "20 Day Criteria") and then only if Sovereign Bank is "well capitalized" as that term is defined by the Office of Thrift Supervision under applicable regulations on February 16, 2005, on the later to occur of the date that the 20 Day Criteria is achieved or the date that is five years from the date of award (February 16, 2010).
- [F2]One third of the restricted shares shall vest on February 16, 2006, the second third shall vest on February 16, 2007, and the remaining third shall vest on February 16, 2008.
Documents
Issuer
SOVEREIGN BANCORP INC
CIK 0000811830
Entity typeoperating
IncorporatedVA
Related Parties
1- filerCIK 0000811830
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 5:06 PM ET
- Size
- 10.7 KB