SEC Form 4 · accession 0001127602-15-023852
SUSQUEHANNA BANCSHARES INC · SUSQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl D Lundblad
Officer — EVP, Chief Legal&Admin Officer
Period of report
Aug 1, 2015
Accepted (ET)
Aug 3, 2015 · 12:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000700863
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 1, 2015 | D | 19,270 | — | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F2 | — | Aug 1, 2015 | D | 18,119 | D | — | — | Common Stock | 18,119 | 0 | D |
Explanation of responses
- F1Disposed of pursuant to the Agreement and Plan of Merger between BB&T Corporation ("BB&T") and issuer, dated November 11, 2014 (the "Merger Agreement"), pursuant to which issuer was merged with and into BB&T, effective August 1, 2015 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of issuer common stock was exchanged for 0.253 shares of BB&T common stock and $4.05 of cash. As a result of the Merger, the reporting person no longer beneficially owns directly or indirectly any shares of issuer common stock.
- F2Each restricted stock unit represents a contingent right to receive one share of Susquehanna Bancshares, Inc. common stock.
- F3This Restricted Stock Unit was fully vested at the effective time of the merger and converted into the right to receive a cash payment of $259,464.08 ($14.32 per share).