SEC Form 4 · accession 0001225208-16-032336

PULASKI FINANCIAL CORP · PULB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Apr 30, 2016

Accepted (ET)

May 3, 2016 · 4:07 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001062438

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Apr 30, 2016	D	135,069	$0.00	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-Qualfied Stock Option (right to buy)^F3,F2	$16.70	Apr 30, 2016	D	10,000	D	Jun 21, 2007	Jun 21, 2016	Common Stock	10,000	0	D

F1Disposed of pursuant to the Agreement and Plan of Merger between Pulaski Financial Corp. ("Pulaski") and First Busey Corporation ("First Busey") dated as of December 3, 2015 pursuant to which Pulaski was merged into First Busey on April 30, 2016. Pursuant to the merger agreement, each issued and outstanding share of Pulaski common stock was converted into 0.79 shares of First Busey common stock with cash paid in lieu of fractional shares.
F2Stock Options granted pursuant to the Pulaski Financial Corp. 2006 Long-Term Incentive Plan are fully vested and exercisable.
F3Pursuant to the Agreement and Plan of Merger between Pulaski and First Busey dated as of December 3, 2015, each option to purchase Pulaski common stock outstanding and unexercised immediately prior to the effective time of the merger was assumed by First Busey and converted into an option to purchase shares of First Busey common stock. The number of First Busey options into which the Pulaski options were converted was determined by multiplying each Pulaski option by 0.79 (rounded down to the nearest whole share), at an exercise price per share of First Busey common stock equal to the exercise price for each share of Pulaski common stock by dividing the Pulaski exercise price by 0.79 (rounded up to the nearest whole cent).