0001231662-16-000005.txt : 20160217
0001231662-16-000005.hdr.sgml : 20160217
20160217130500
ACCESSION NUMBER: 0001231662-16-000005
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160213
FILED AS OF DATE: 20160217
DATE AS OF CHANGE: 20160217
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: METRO BANCORP, INC.
CENTRAL INDEX KEY: 0001085706
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 251834776
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3801 PAXTON STREET
CITY: HARRISBURG
STATE: PA
ZIP: 17111
BUSINESS PHONE: 7174126301
MAIL ADDRESS:
STREET 1: 3801 PAXTON STREET
CITY: HARRISBURG
STATE: PA
ZIP: 17111
FORMER COMPANY:
FORMER CONFORMED NAME: PENNSYLVANIA COMMERCE BANCORP INC
DATE OF NAME CHANGE: 19990504
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SERLUCO MICHAEL A
CENTRAL INDEX KEY: 0001231662
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36852
FILM NUMBER: 161432452
MAIL ADDRESS:
STREET 1: 104 CUMBERLAND RD
CITY: LEMOYNE
STATE: PA
ZIP: 17043
4
1
wf-form4_145573228874135.xml
FORM 4
X0306
4
2016-02-13
1
0001085706
METRO BANCORP, INC.
METR
0001231662
SERLUCO MICHAEL A
104 CUMBERLAND ROAD
LEMOYNE
PA
17043
1
0
0
0
Common Stock
2016-02-13
4
D
0
171584
D
0
D
Director Stock Option (Right to Buy)
31.25
2016-02-13
4
D
0
4000
0
D
2007-02-17
2016-02-17
Common Stock
4000.0
0
D
Director Stock Option (Right to Buy)
28.51
2016-02-13
4
D
0
4250
0
D
2008-02-16
2017-02-16
Common Stock
4250.0
0
D
Director Stock Option (Right to Buy)
27.0
2016-02-13
4
D
0
4475
0
D
2009-02-22
2018-02-22
Common Stock
4475.0
0
D
Director Stock Option (Right to Buy)
11.77
2016-02-13
4
D
0
1250
0
D
2013-03-27
2022-03-27
Common Stock
1250.0
0
D
Director Stock Option (Right to Buy)
16.53
2016-02-13
4
D
0
2500
0
D
2014-02-22
2023-02-22
Common Stock
2500.0
0
D
Director Stock Option (Right to Buy)
19.55
2016-02-13
4
D
0
3750
0
D
2015-02-21
2024-02-21
Common Stock
3750.0
0
D
Director Stock Option (Right to Buy)
25.43
2016-02-13
4
D
0
4900
0
D
2016-02-21
2025-02-21
Common Stock
4900.0
0
D
Disposed of pursuant to the Agreement and Plan of Merger between issuer and F.N.B. Corporation ("FNB")dated as of August 4, 2015 pursuant to which issuer was merged into FNB on February 13, 2016. Pursuant to the merger agreement, each issued and outstanding share of issuer common stock was converted into 2.373 shares of FNB common stock. Following the merger, the reporting person no longer owns directly or indirectly any shares of issuer common stock.
Pursuant to the merger agreement with FNB, each option to purchase issuer common stock outstanding and unexercised immediately prior to the effective time of the merger was assumed by FNB and converted into an option to purchase shares of FNB common stock. The number of FNB options into which the issuer options were converted was determined by multiplying each issuer option by 2.373. Any fractional shares of FNB common stock resulting from this multiplication was rounded down to the nearest share.
The exercise price for the FNB options into which the issuer options were converted is the amount (rounded up to the nearest whole cent)equal to the per share exercise price under each issuer option divided by 2.373.
/s/ Michael A. Serluco
2016-02-17