Ibt Bancorp Inc - Statement of Changes in Beneficial Ownership (4)
10 June 2008 - 5:42AM
Edgar (US Regulatory)
FORM 4
[
X
]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
BOWELL ROBERT A
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2. Issuer Name
and
Ticker or Trading Symbol
IBT BANCORP INC
[
IRW
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
EVP, Secretary & Treasurer
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(Last)
(First)
(Middle)
309 MAIN ST
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3. Date of Earliest Transaction
(MM/DD/YYYY)
6/6/2008
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(Street)
IRWIN, PA 15642
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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6/6/2008
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D
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V
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3246
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D
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(1)
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0
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I
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IRA
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Common Stock
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6/6/2008
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D
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V
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2736
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D
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(1)
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0
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I
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Spouse IRA
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Common Stock
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6/6/2008
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D
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V
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4424
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D
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(1)
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0
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D
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Common Stock
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6/6/2008
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D
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V
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2302
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D
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(1)
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0
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I
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Minor daughter
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Common Stock
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6/6/2008
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D
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V
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300
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D
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(1)
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0
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I
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Minor daughter
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Employee Stock Option
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$18.75
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6/6/2008
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D
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V
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10000
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10/16/2008
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10/16/2017
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Common Stock
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10000
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(2)
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0
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D
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Employee Stock Option
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$12.25
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6/6/2008
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D
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V
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8000
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5/16/2001
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5/16/2010
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Common Stock
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8000
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(2)
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0
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D
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Employee Stock Option
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$11.50
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6/6/2008
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D
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V
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4000
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5/16/2002
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5/16/2011
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Common Stock
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4000
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(2)
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0
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D
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Employee Stock Option
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$16.438
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6/6/2008
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D
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V
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4000
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5/21/2003
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5/21/2012
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Common Stock
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4000
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(2)
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0
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D
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Employee Stock Option
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$25.70
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6/6/2008
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D
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V
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2400
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9/2/2004
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9/2/2013
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Common Stock
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2400
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(2)
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0
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D
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Employee Stock Option
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$19.985
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6/6/2008
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D
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V
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5000
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4/17/2007
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4/17/2016
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Common Stock
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5000
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(2)
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0
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D
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Explanation of Responses:
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(
1)
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Pursuant to the Agreement and Plan of Merger, dated as of December 16, 2007, by and between S&T Bancorp, Inc. and IBT
Bancorp, Inc., each share of IBT Bancorp, Inc. common stock was converted into and exchanged for $31.00 in cash or 0.93
shares of S&T Bancorp, Inc. common stock or a combination thereof.
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(
2)
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Pursuant to the Agreement and Plan of Merger, dated December 16, 2007, each option to acquire a share of IBT Bancorp, Inc.
common stock was cancelled immediately prior to the effective date of the Merger of IBT Bancorp, Inc. with and into S&T
Bancorp, Inc. in exchange for cash in an amount equal to the difference between $31.00 and the exercise price per share of
the option.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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BOWELL ROBERT A
309 MAIN ST
IRWIN, PA 15642
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EVP, Secretary & Treasurer
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Signatures
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/s/ Robert A. Bowell by: Kristin Robertucci, Power of Attorney
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6/9/2008
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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