Muttera Robert H 4
4 · Bank of Commerce Holdings · Filed Oct 1, 2021
Insider Transaction Report
Form 4
Muttera Robert H
Director
Transactions
- Disposition to Issuer
Common Stock
2021-09-30−116,660→ 0 total - Disposition to Issuer
Employee Stock Option
2021-09-30−20,000→ 0 totalExercise: $6.39Exp: 2024-01-17→ Common Stock (20,000 underlying) - Disposition to Issuer
Common Stock
2021-09-30−1,671→ 0 total(indirect: By Trust)
Footnotes (2)
- [F1]The shares were converted into the right to receive 0.40 shares of Columbia common stock in exchange for each share of the Company's common stock held on the Closing Date of the Merger described under "Remarks" below. Each share of the Company's common stock had a market value of $15.20 per share on the Closing Date, based on the closing price of Columbia's common stock on the Closing Date of $37.99. Cash will be paid in lieu of fractional shares, based on the average closing price of Columbia's common stock for the 20 consecutive Nasdaq trading days ending on September 23, 2021, of $34.81 per share (the "Parent Average Closing Price"), calculated in accordance with the terms of the Merger Agreement referenced under "Remarks" below.
- [F2]The option was automatically cancelled in the Merger in exchange for the right to receive a cash payment of $150,680, with such payment to be made no later than the first payroll period following completion of the Merger.