OAK HILL FINANCIAL INC 4
4 · OAK HILL FINANCIAL INC · Filed Dec 4, 2007
Insider Transaction Report
Form 4
Shafer Dale B
Interim CFO
Transactions
- Disposition to Issuer
Common Stock Without Par Value
2007-11-30−2,000→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2007-11-30$9.32/sh−3,000$27,960→ 0 totalExercise: $28.68From: 2007-08-10Exp: 2015-08-10→ Common Stock Without Par Value (3,000 underlying) - Disposition to Issuer
Common Stock Without Par Value
2007-11-30−195→ 0 total(indirect: By 401(k))
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger by and between WesBanco, Inc. and Oak Hill Financial, Inc. dated July 19, 2007, each share of Oak Hill Financial, Inc. common stock was exchanged for either 1.256 shares of WesBanco, Inc. common stock or $38.00 in cash, without interest, plus in each case, cash in lieu of any fractional share interest, in accordance with the reporting person's election and the allocation and proration procedures contained in the Agreement and Plan of Merger.
- [F2]This option, which was granted pursuant to Oak Hill Financial, Inc.'s 2004 Stock-Based Incentive Plan and provided for vesting in three equal annual installments beginning August 10, 2007, was cancelled in the merger with WesBanco, Inc. in exchange for cash payment of $27,960.00, representing the difference between the exercise price of the option and the cash portion of the merger consideration ($38.00 per share).