SEC Form 4 · accession 0000899243-16-027573
FIRSTMERIT CORP /OH/ · FMER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Julie C Tutkovics
Officer — See Remarks
Period of report
Mar 31, 2016
Accepted (ET)
Aug 18, 2016 · 5:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000354869
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 31, 2016 | J | 179 | $20.26 | A | 2,093 | I | by Managed Account |
| Common Stock | Jun 30, 2016 | J | 165 | $21.20 | A | 2,258 | I | by Managed Account |
| Common Stock | Aug 15, 2016 | J | 76 | $20.265 | A | 2,334 | I | by Managed Account |
| Common StockF2 | Aug 16, 2016 | D | 23,812 | — | D | 0 | D | |
| Common StockF2 | Aug 16, 2016 | D | 2,334 | — | D | 0 | I | by Managed Account |
| Restricted StockF3,F4,F5 | Aug 16, 2016 | D | 10,325 | — | D | 0 | D | |
| Restricted StockF3,F4,F6 | Aug 16, 2016 | D | 2,511 | — | D | 0 | D | |
| Restricted StockF3,F4,F7 | Aug 16, 2016 | D | 4,786 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Allocated to the reporting person's account under the FirstMerit Corporation 401(k) Plan.
- F2Pursuant to the Agreement and Plan of Merger, dated January 25, 2016 (the "Merger Agreement"), among Huntington Bancshares Incorporated ("Huntington"), FirstMerit Corporation ("FirstMerit") and West Subsidiary Corporation ("Merger Sub"), upon completion of the merger of Merger Sub with and into FirstMerit (the "Merger") as contemplated by the Merger Agreement, each share of FirstMerit common stock held by the reporting person was converted into the right to receive, without interest, 1.72 shares of the common stock, par value $0.01 per share, of Huntington (market value of $16.49 per 1.72 shares of Huntington common stock) and $5.00 in cash (the "Merger Consideration").
- F3Upon completion of the Merger, (i) each award of restricted shares of FirstMerit common stock (each, a "FirstMerit Restricted Stock Award") and each award of FirstMerit restricted stock units (each, a "FirstMerit RSU Award") granted prior to January 25, 2016 fully vested upon completion of the Merger and was converted into the right to receive the Merger Consideration, less applicable tax withholdings, and
- F4(Continued from Footnote 3) (ii) each FirstMerit Restricted Stock Award and each FirstMerit RSU Award granted on or following January 25, 2016 was converted into a restricted stock award or a restricted stock unit award (as applicable) relating to the number of shares of Huntington common stock equal to the product of (a) the number of shares of FirstMerit common stock subject to such FirstMerit Restricted Stock Award or FirstMerit RSU Award (as applicable) immediately prior to 12:01 a.m., August 16, 2016 (the "Effective Time"), multiplied by (b) 2.2414, with any fractional shares rounded to the nearest whole share of Huntington common stock.
- F5This FirstMerit Restricted Stock Award ceased to be outstanding and was cancelled in the Merger in exchange for a restricted stock award relating to 23,142 shares of Huntington common stock.
- F6This FirstMerit Restricted Stock Award ceased to be outstanding and was cancelled in the Merger in exchange for (i) a cash payment of approximately $12,563.82 and (ii) 4,318.00 shares of Huntington common stock.
- F7This FirstMerit Restricted Stock Award ceased to be outstanding and was cancelled in the Merger in exchange for (i) a cash payment of approximately $23,938.82 and (ii) 8,231.00 shares of Huntington common stock.
Remarks
Executive Vice President, Chief Marketing Officer