SEC Form 4 · accession 0001140361-15-008336
Peoples Federal Bancshares, Inc. · PEOP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maurice H Sullivan Jr.
Officer — Chief Executive Officer · Director
Period of report
Feb 20, 2015
Accepted (ET)
Feb 23, 2015 · 12:54 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001485964
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 20, 2015 | J | 40,500 | — | D | 0 | I | By IRA |
| Common StockF1 | Feb 20, 2015 | J | 83,675 | — | D | 0 | D | |
| Common StockF1 | Feb 20, 2015 | J | 7,000 | — | D | 0 | I | By Spouse |
| Common StockF1 | Feb 20, 2015 | J | 1,000 | — | D | 0 | I | Spouse as Custodian for Child |
| Common StockF1 | Feb 20, 2015 | J | 5,524 | — | D | 0 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $18.49 | Feb 20, 2015 | J | 14,000 | D | Aug 20, 2014 | Aug 20, 2023 | Common Stock | 14,000 | 0 | D |
| Stock OptionsF2 | $15.47 | Feb 20, 2015 | J | 100,000 | D | Feb 21, 2013 | Feb 21, 2022 | Common Stock | 100,000 | 0 | D |
Explanation of responses
- F1Each share of common stock of the Issuer was converted into and became exchangeable for the right to receive either (i) 0.5523 of a share of Independent Bank Corp. common stock or (ii) $21.00 in cash.
- F2Stock options have been cancelled and each option holder will receive a cash payment upon such cancellation in an amount equal to the product of (i) the number of shares of Issuer common stock provided for by such option and (ii) the excess, if any, of $21.00 over the exercise price of the option.