SEC Form 4/A · accession 0001209191-17-017422
COMMERCIAL BANCSHARES INC \OH\ · CMOH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Lee M Sisler
Director
Period of report
Oct 16, 2014
Accepted (ET)
Mar 3, 2017 · 4:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001009976
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 16, 2014 | G | 204 | $0.00 | D | 10,882 | D | |
| Common StockF2 | Feb 24, 2017 | D | 10,882 | — | D | 0 | D | |
| Common StockF1 | Oct 16, 2014 | G | 204 | $0.00 | A | 34,926 | I | By spouse as trustee |
| Common StockF2 | Feb 24, 2017 | D | 34,926 | — | D | 0 | I | By spouse as trustee |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares held under deferred compensation planF5,F3,F4 | — | Feb 24, 2017 | D | 5,170 | D | — | — | Common Stock | 5,170 | 0 | I |
Explanation of responses
- F1The transfer by gift of 204 shares by Mr. Sisler to his wife's trust in 2014 was inadvertently not reported.
- F2Under the terms of the merger agreement with First Defiance Financial Corp., each shareholder of the Issuer has the right to elect to receive either $51.00 in cash or 1.1808 shares of First Defiance common stock (or a combination thereof) in exchange for each share of Issuer common owned. All elections are subject to certain adjustments under the merger agreement necessary to cause 80% of the total consideration to be paid in First Defiance Shares and the remaining 20% of the total consideration to be paid in cash. The insider has made an election to dispose of these shares in exchange for cash, but the adjustments required under the terms of the merger agreement have yet to be finalized.
- F3Each unit credited to participant under this plan is the economic equivalent of one of issuer's common shares.
- F4These shares are vested immediately and participant account balances are payable upon termination of service on the Company's Board of Directors.
- F5Under the terms of the merger agreement with First Defiance Financial Corp., each shareholder of the Issuer has the right to elect to receive either $51.00 in cash or 1.1808 shares of First Defiance common stock (or a combination thereof) in exchange for each share of Issuer common owned. All elections are subject to certain adjustments under the merger agreement necessary to cause 80% of the total consideration to be paid in First Defiance Shares and the remaining 20% of the total consideration to be paid in cash. The insider has made an election to dispose of these shares in exchange for First Defiance Shares, but the adjustments required under the terms of the merger agreement have yet to be finalized.
Remarks
Amendment being filed to correct the date of the earliest transaction and the transaction date of the gift transaction to reflect 10/16/2014. Also, correcting the ownership form for the gift received by the trust.