SEC Form 4 · accession 0001209191-15-070924
LOUISIANA BANCORP INC · LABC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
C. Holly Callia
Officer — SVP of Bank of New Orleans
Period of report
Sep 15, 2015
Accepted (ET)
Sep 16, 2015 · 1:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001392562
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Sep 15, 2015 | D | 39,600 | $24.25 | D | 0 | D | |
| Common StockF3,F2 | Sep 15, 2015 | D | 13,815 | $24.25 | D | 0 | I | By Employee Stock Ownership Plan |
| Common StockF4,F2 | Sep 15, 2015 | D | 4,801 | $24.25 | D | 0 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF6,F5 | $21.98 | Sep 15, 2015 | D | 4,000 | D | — | Jan 5, 2025 | Common Stock | 4,000 | 0 | D |
| Stock OptionF6,F5 | $18.19 | Sep 15, 2015 | D | 4,000 | D | — | Dec 16, 2023 | Common Stock | 4,000 | 0 | D |
| Stock OptionF6,F5 | $16.56 | Sep 15, 2015 | D | 8,000 | D | — | Dec 17, 2022 | Common Stock | 8,000 | 0 | D |
| Stock OptionF6,F5 | $14.41 | Sep 15, 2015 | D | 2,000 | D | — | Dec 14, 2020 | Common Stock | 2,000 | 0 | D |
| Stock OptionF6,F5 | $13.50 | Sep 15, 2015 | D | 3,400 | D | — | Aug 25, 2019 | Common Stock | 3,400 | 0 | D |
Explanation of responses
- F1Reported amount includes 7,400 shares awarded under the 2007 Recognition and Retention Plan that vested on the legal date of the merger pursuant to terms of the merger agreement.
- F2Disposed of pursuant to merger between issuer and Home Bancorp, Inc. Pursuant to the merger agreement, each share of Louisiana Bancorp, Inc. common stock was converted into cash in the amount of $24.25.
- F3The reported shares represent the number of shares allocated to the reporting person's account as of December 31, 2014.
- F4The reported securities represent the number of shares held in the Issuer's 401(k) Plan, based on a report dated September 15, 2015. These shares represent 5,213.0768 ownership units.
- F5Reported securities were awarded under the Company's 2007 Recognition and Retention Plan. Such securities vested ratably over five years beginning on the first anniversary date of the award. Pursuant to terms of the merger agreement with Home Bancorp, Inc., vesting of all options accelerated and were exercisable as of the merger date.
- F6Disposed of pursuant to merger agreement between issuer and Home Bancorp, Inc. Pursuant to the merger agreement, each stock option was cancelled in exchange for a cash payment equal to the excess of $24.25 over the exercise price of such option.