0001567619-19-007926.txt : 20190401 0001567619-19-007926.hdr.sgml : 20190401 20190401134608 ACCESSION NUMBER: 0001567619-19-007926 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190401 FILED AS OF DATE: 20190401 DATE AS OF CHANGE: 20190401 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: FOUGERE RICHARD J CENTRAL INDEX KEY: 0001529235 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35309 FILM NUMBER: 19719783 MAIL ADDRESS: STREET 1: 2 LEONARD STREET CITY: BELMONT STATE: MA ZIP: 02478 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BSB Bancorp, Inc. CENTRAL INDEX KEY: 0001522420 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2 LEONARD STREET CITY: BELMONT STATE: MA ZIP: 02478 BUSINESS PHONE: (617) 484-6700 MAIL ADDRESS: STREET 1: 2 LEONARD STREET CITY: BELMONT STATE: MA ZIP: 02478 4 1 doc1.xml FORM 4 X0306 4 2019-04-01 1 0001522420 BSB Bancorp, Inc. BLMT 0001529235 FOUGERE RICHARD J 2 LEONARD STREET BELMONT MA 02478 1 0 0 0 Common Stock 2019-04-01 4 D 0 45660 D 0 D Stock Options 12.04 2019-04-01 4 D 0 21610 D 2013-11-28 2022-11-28 Common Stock 21610 0 D Pursuant to the Agreement and Plan of Merger dated November 26, 2018 (the "Agreement"), by and between the Issuer and the People's United Financial, Inc. ("Purchaser"), each share of Issuer common stock was converted into and became exchangeable for the right to receive 2.0 shares of Purchaser common stock. All unvested shares of restricted stock automatically vest in full at the Effective Time (as defined in the Agreement), to the extent not previously forfeited, and shall be considered outstanding shares of common stock entitled to receive the Merger Consideration (as defined in the Agreement). Each option to purchase Issuer common stock, whether vested or unvested, automatically converted to the right to receive a number of shares of Purchaser common stock equal to the quotient of (A) the product of (x) the number of shares of Issuer common stock subject to such Issuer stock option, multiplied by (y) the excess, if any, of the Per Share Stock Consideration (as defined in the Agreement) over the exercise price per share of Issuer common stock subject to such Issuer stock option divided by (B) the Purchaser share closing price, with cash payable in lieu of any fractional shares. /s/ John A. Citrano, pursuant to power of attorney 2019-04-01