0001140361-22-013144.txt : 20220405
0001140361-22-013144.hdr.sgml : 20220405
20220405161540
ACCESSION NUMBER: 0001140361-22-013144
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220401
FILED AS OF DATE: 20220405
DATE AS OF CHANGE: 20220405
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HORTON GREG ALAN
CENTRAL INDEX KEY: 0001668388
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-23325
FILM NUMBER: 22807003
MAIL ADDRESS:
STREET 1: 782 N SQUIRES LN
CITY: SPRINGFIELD
STATE: MO
ZIP: 65802
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: GUARANTY FEDERAL BANCSHARES INC
CENTRAL INDEX KEY: 0001046203
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 431792717
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1341 WEST BATTLEFIELD
CITY: SPRINGFIELD
STATE: MO
ZIP: 65807
BUSINESS PHONE: 4175204333
MAIL ADDRESS:
STREET 1: 1341 WEST BATTLEFIELD
CITY: SPRINGFIELD
STATE: MO
ZIP: 65807
4
1
form4.xml
FORM 4
X0306
4
2022-04-01
true
0001046203
GUARANTY FEDERAL BANCSHARES INC
GFED
0001668388
HORTON GREG ALAN
782 N SQUIRES LN
SPRINGFIELD
MO
65802
true
Common Stock
2022-04-01
4
D
0
142
D
6456
D
Common Stock
2022-04-01
4
D
0
6456
D
0
D
Pursuant to the Agreement and Plan of Merger, dated November 9, 2021 (the "Merger Agreement") between the Issuer and QCR Holdings, Inc., a Delaware corporation whose shares of common stock ("Acquiror Common Stock") trade on the Nasdaq Global Market ("Acquiror"), effective April 1, 2022 (the "Effective Time"), the Issuer merged with and into Acquiror (the "Merger"), with Acquiror as the surviving entity in the Merger (the "Surviving Entity"). At the Effective Time, each share of the Issuer's common stock ("Issuer Common Stock") outstanding immediately prior to Effective Time (other than shares owned by Guaranty or QCR and any dissenting shares) was converted into the right to receive: (i) $30.50 in cash, (ii) 0.58775 shares of Acquiror Common Stock, or (iii) mixed consideration of $6.10 in cash and 0.4702 shares of Acquiror Common Stock (each form of consideration, an "Election" and collectively, the "Elections"), subject to possible adjustment pursuant to (cont. in footnote 2)
(cont. from footnote 1) the terms and conditions set forth in the Merger Agreement and with cash paid in lieu of fractional shares. At the Effective Time, the price per share of Acquiror Common Stock at market close was $56.26.
Pursuant to the Merger Agreement, immediately prior to the Effective Time, each award of restricted stock, restricted stock unit, performance stock unit, deferred stock unit or other full value stock award granted under the Issuer's 2015 Equity Plan then-outstanding, vested in accordance with the terms of the 2015 Equity Plan and applicable award agreement, based, if applicable, on the Issuer's actual performance through the Effective Time, and settled in shares of Common Stock (such shares, the "Issuer Award Shares").
Pursuant to the Merger Agreement, each of the Issuer Award Shares was exchanged for mixed consideration of $6.10 in cash and 0.4702 shares of Acquiror Common Stock, based on the Available Cash and Available Shares (each as defined in the Merger Agreement) available after the Elections were set.
/s/ GREG HORTON
2022-04-05