SEC Form 4 · accession 0001209191-15-011657

INTERVEST BANCSHARES CORP · IBCA

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

Reporting owner

Officer — Chairman/CEO · Director

Period of report

Feb 6, 2015

Accepted (ET)

Feb 10, 2015 · 7:47 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000927807

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Feb 10, 2015	D	1,179,032	—	D	0	D
Common Stock^F1	Feb 10, 2015	D	229,868	—	D	0	I	Family LLC, Children and Spouse

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Stock option (right to buy)^F2	$17.10	Feb 6, 2015	D	18,600	D	—	Dec 13, 2017	Common Stock	18,600	D
Stock option (right to buy)^F3	$7.50	Feb 6, 2015	D	18,600	D	—	Dec 11, 2018	Common Stock	18,600	D
Stock Appreciation Rights^F4	$7.65	Feb 9, 2015	D	27,600	D	—	Jan 23, 2019	Common Stock	27,600	D

F1Disposed of pursuant to merger agreement between Issuer and Bank of the Ozarks, Inc. in exchange for, in the aggregate, 424,642 shares of Ozarks common stock having a market value of $35.93 per share on the effective date of the merger, plus cash in lieu of fractional shares.
F2This option, which was fully vested, was disposed of pursuant to the Issuer's tender offer for outstanding stock options, pursuant to a Schedule TO filed by the Issuer on December 23, 2014, for a price of $0.47 per underlying share.
F3This option, which was fully vested, was disposed of pursuant to the Issuer's tender offer for outstanding stock options, pursuant to a Schedule TO filed by the Issuer on December 23, 2014, for a price of $2.71 per underlying share (equal to the spread between the per share exercise price and the merger purchase price of $10.21 per share).
F4The stock appreciation rights (SARs) were granted pursuant to the Issuer's 2013 Equity Incentive Plan and were scheduled to vest one third vest on each of the first, second and third anniversaries of the grant date, provided the reporting person remained employed by the Company, but became fully vested in connection with the merger. The SARs were canceled in connection with the merger agreement between Issuer and Bank of the Ozarks, Inc. in exchange for a cash payment equal to $2.56 per underlying share (equal to the spread between the per share exercise price and the merger purchase price of $10.21 per share).