FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
WORONOCO BANCORP INC [ WRO ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/01/2005 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 06/01/2005 | D | 27,079 | D | (1) | 0 | D | |||
Common Stock | 06/01/2005 | D | 7,424 | D | (1) | 0 | I | By ESOP | ||
Common Stock | 06/01/2005 | D | 2,000 | D | (1) | 0 | I | By Stock Award II |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Incentive Stock Option (right to buy) | $17.9 | 06/01/2005 | D | 400 | (2) | 01/11/2012 | Common Stock | 400 | (2) | 0 | D | ||||
Incentive Stock Option (right to buy) | $22 | 06/01/2005 | D | 900 | (2) | 01/10/2013 | Common Stock | 900 | (2) | 0 | D | ||||
Incentive Stock Option (right to buy) | $37.25 | 06/01/2005 | D | 1,500 | (2) | 01/30/2014 | Common Stock | 1,500 | (2) | 0 | D | ||||
Incentive Stock Option (right to buy) | $31.2 | 06/01/2005 | D | 156 | (2) | 06/07/2014 | Common Stock | 156 | (2) | 0 | D | ||||
Non-Statutory Stock Option (right to buy) | $31.2 | 06/01/2005 | D | 644 | (2) | 06/07/2014 | Common Stock | 644 | (2) | 0 | D |
Explanation of Responses: |
1. Disposed of pursuant to a merger agreement between issuer and Berkshire Hills Bancorp in exchange for either $36 in cash for each share of issuer stock or one share of Berkshire Hills Bancorp common stock for each share of issuer stock or any combination thereof. |
2. Pursuant to a merger agreement between issuer and Berkshire Hills Bancorp each stock option to purchase a share of Woronoco common stock was converted at the closing of the merger into an option to purchase a share of Berkshire common stock at the same exercise price as immediately prior to the completion of the merger (provided that to the extent necessary the stock options will be adjusted in compliance with Section 424(a) of the Internal Revenue Code), and each restricted share or other right measured by the value of Woronoco common stock was converted into a restricted share or other right measured by the value of Berkshire common stock. |
/s/ Debra L Murphy, Power of Attorney | 05/31/2005 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |