SEC Form 4 · accession 0001209191-18-007034

BANK MUTUAL CORP · BKMU

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

Reporting owner

Officer — Controller

Period of report

Feb 1, 2018

Accepted (ET)

Feb 2, 2018 · 5:19 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001123270

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	D/I	Nature of ownership
Common Stock^F1	Feb 1, 2018	D	3,800	—	D	D
Common Stock^F2,F1,F3	Feb 1, 2018	D	1,140	—	D	I	Shares held in 401(k)
Common Stock^F1	Feb 1, 2018	D	1,834	—	D	I	Shares held by wife

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Options to buy^F5,F4	$5.05	Feb 1, 2018	D	8,000	D	—	Jan 18, 2021	Common Stock	8,000	D
Options to buy^F5,F4	$3.39	Feb 1, 2018	D	7,500	D	—	Jan 17, 2022	Common Stock	7,500	D
Options to buy^F5,F4	$4.82	Feb 1, 2018	D	5,000	D	—	Jan 22, 2023	Common Stock	5,000	D
Options to buy^F5,F4	$7.17	Feb 1, 2018	D	3,500	D	—	Jan 21, 2024	Common Stock	3,500	D
Options to buy^F5,F6	$6.70	Feb 1, 2018	D	1,500	D	—	Jan 20, 2025	Common Stock	1,500	D
Options to buy^F5,F6	$7.29	Feb 1, 2018	D	3,600	D	—	Jan 19, 2026	Common Stock	3,600	D

F1On February 1, 2018, Bank Mutual Corporation ("BKMU") completed the previously announced merger (the "Merger") of BKMU with and into Associated Banc-Corp ("Associated"), pursuant to the Agreement and Plan of Merger, dated as of July 20, 2017, by and between BKMU and Associated (the "Merger Agreement"). In accordance with the terms of the Merger Agreement, at the effective time of the Merger each share of BKMU common stock issued and outstanding immediately prior to the effective time of the Merger (including any restricted shares) was converted into 0.422 shares of Associated common stock with cash paid in lieu of any fractional shares. On January 31, 2018, the closing price of Associated common stock on the New York Stock Exchange was $24.75 per share.
F2Reflects acquisitions in the 401(k) Plan that are exempt from reporting.
F3Held in the Bank Mutual Corporation 401(k) Plan.
F4Stock options granted under the 2004 Stock Incentive Plan. The options are fully vested.
F5In accordance with the terms of the Merger Agreement, at the effective time of the Merger outstanding options to purchase shares of BKMU common stock were converted into options to acquire Associated common stock, with the numbers of shares and the exercise prices adjusted to reflect the exchange ratio, as provided in the Merger Agreement; each option fully vested in accordance with its terms upon the Merger.
F6Stock options granted under the 2014 Incentive Compensation Plan. The options are fully vested.