SEC Form 4 · accession 0001140361-17-038852
Wolverine Bancorp, Inc. · WBKC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph M. VanderKelen
Director
Period of report
Oct 17, 2017
Accepted (ET)
Oct 17, 2017 · 3:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001500836
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 17, 2017 | J | 31,615 | — | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $26.75 | Oct 17, 2017 | J | 7,500 | D | Sep 12, 2017 | Sep 12, 2026 | Common Stock | 7,500 | 0 | D |
| Stock OptionsF2 | $17.30 | Oct 17, 2017 | J | 7,522 | D | Aug 21, 2013 | Aug 21, 2022 | Common Stock | 7,522 | 0 | D |
Explanation of responses
- F1Each share of common stock was converted into and became exchangeable for the right to receive 1.0152 shares of Horizon Bancorp common stock and $14.00 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) $40.00 minus the exercise price of the option.