SEC Form 4 · accession 0001209191-15-067315

LNB BANCORP INC · LNBB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Aug 14, 2015

Accepted (ET)

Aug 21, 2015 · 2:54 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000737210

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	D/I	Nature of ownership
LNB Bancorp, Inc. Common Stock^F1,F2	Aug 14, 2015	D	68,986	—	D	I	By Mikash Reinsurance Limted
LNB Bancorp, Inc. Common Stock^F1	Aug 14, 2015	D	37,427	—	D	D
LNB Bancorp, Inc. Common Stock^F1	Aug 14, 2015	D	26,318	—	D	I	By Employers 401(k) plan
LNB Bancorp, Inc. Common Stock^F1,F3	Aug 14, 2015	D	15,826	—	D	I	By Liberty Investment Group LLC

No Table II lines on this filing.

F1Under the Agreement and Plan of Merger ("Merger Agreement"), dated December 15, 2014, between Northwest Bancshares, Inc. ("Northwest") and LNB Bancorp, Inc. ("LNB"), the holder has the right to elect to receive consideration of either 1.461 shares of Northwest common stock or $18.70 in cash for each LNB common share, subject to proration to ensure that, in the aggregate, 50% of LNB's common shares will be converted into Northwest stock. No fractional shares of Northwest common stock will be issued, and the cash in lieu amount will be determined by multiplying such fractional share amount by $12.66. As of the date of this Form 4, the calculations related to the election and proration procedures set forth in the Merger Agreement have not been completed. Accordingly, it is not possible at this time to determine the form of merger consideration to be received by the Reporting Person.
F2The reporting person is the controlling shareholder of Mikash Reinsurance Limited.
F3The reporting person is the controlling shareholder of Liberty Investment Group LLC