SEC Form 4 · accession 0001469134-17-000124

First Community Financial Partners, Inc. · FCFP

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

Reporting owner

Director

Period of report

Jul 2, 2017

Accepted (ET)

Jul 5, 2017 · 12:44 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001469134

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	D/I	Nature of ownership
Common Stock^F1	Jul 2, 2017	D	12,200	—	D	I	By minor child
Common Stock^F1	Jul 2, 2017	D	15,000	—	D	I	By a trust which Mr. Barr is trustee
Common Stock^F1	Jul 2, 2017	D	268,590	—	D	D
Common Stock^F1	Jul 2, 2017	D	355,492	—	D	I	By spouse
Common Stock^F1	Jul 2, 2017	D	22,039	—	D	I	By The Barr Group profit sharing plan

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	D/I
Stock Options^F2	$5.00	Jul 2, 2017	D	34,900	D	—	Jul 21, 2019	Common Stock	D
Stock Options^F2	$5.20	Jul 2, 2017	D	5,000	D	—	Jan 1, 2025	Common Stock	D
Stock Options^F2	$7.24	Jul 2, 2017	D	15,000	D	—	Jan 1, 2026	Common Stock	D
Stock Options^F2	$11.70	Jul 2, 2017	D	15,000	D	—	Jan 1, 2028	Common Stock	D

F1On July 2, 2017, First Busey Corporation ("BUSE") completed the previously announced merger of First Community Financial Partners, Inc. ("FCFP") with and into BUSE, pursuant to the Agreement and Plan of Merger, dated February 6, 2017, by and between BUSE and FCFP (the "Merger Agreement"). In accordance with the terms of the Merger Agreement, at the effective time of the merger, the shares of FCFP common stock were converted into the right to receive $1.35 in cash and 0.396 shares of BUSE common stock (the "stock consideration"), with cash paid in lieu of fractional shares. Based on the closing stock price of BUSE common stock on the NASDAQ Global Select Market on June 30, 2017, the trading day immediately prior to the closing date of the merger, of $29.68, the value of the stock consideration was $11.75.
F2This option, was canceled in the merger in exchange for a cash payment of $417,110, representing the difference between the exercise price of the option and the closing price of the underlying First Community common stock on June 30, 2017 ($12.90) per share).