SEC Form 4 · accession 0000899243-16-027602
FIRSTMERIT CORP /OH/ · FMER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark N DuHamel
Officer — See Remarks
Period of report
Mar 21, 2016
Accepted (ET)
Aug 18, 2016 · 5:57 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 21, 2016 | J | 417 | $20.52 | A | 97,400 | D | |
| Common Stock | Jun 20, 2016 | J | 423 | $20.52 | A | 97,822 | D | |
| Common Stock | Jun 30, 2016 | J | 254 | $21.20 | A | 11,432 | I | by Managed Account |
| Common Stock | Aug 15, 2016 | J | 84 | $20.265 | A | 11,517 | I | by Managed Account |
| Common StockF3 | Aug 16, 2016 | D | 67,861 | — | D | 0 | D | |
| Common StockF3 | Aug 16, 2016 | D | 11,517 | — | D | 0 | I | by Managed Account |
| Restricted StockF4,F5,F6 | Aug 16, 2016 | D | 1,607 | — | D | 0 | D | |
| Restricted StockF4,F5,F7 | Aug 16, 2016 | D | 2,735 | — | D | 0 | D | |
| Restricted StockF4,F5,F8 | Aug 16, 2016 | D | 17,724 | — | D | 0 | D | |
| Restricted Stock UnitF4,F5,F9 | Aug 16, 2016 | D | 1,741 | — | D | 0 | D | |
| Restricted Stock UnitF4,F5,F10 | Aug 16, 2016 | D | 6,154 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares acquired pursuant to FirstMerit Corporation's Dividend Reinvestment Plan.
- F10This FirstMerit RSU Award ceased to be outstanding and was cancelled in the Merger in exchange for (i) a cash payment of approximately $53,852.68 and (ii) 18,523.00 shares of Huntington common stock.
- F2Allocated to the reporting person's account under the FirstMerit Corporation 401(k) Plan.
- F3Pursuant 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").
- F4Upon 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
- F5(Continued from Footnote 4) (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.
- F6This FirstMerit Restricted Stock Award ceased to be outstanding and was cancelled in the Merger in exchange for (i) a cash payment of approximately $8,035.38 and (ii) 2,764.00 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 $13,676.92 and (ii) 4,704.00 shares of Huntington common stock.
- F8This FirstMerit Restricted Stock Award ceased to be outstanding and was cancelled in the Merger in exchange for a restricted stock award relating to 39,727 shares of Huntington common stock.
- F9This FirstMerit RSU Award ceased to be outstanding and was cancelled in the Merger in exchange for (i) a cash payment of approximately $15,237.68 and (ii) 5,240.00 shares of Huntington common stock.
Remarks
Executive Vice President, Deputy Chief Financial Officer