-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AZ9rE1nXR1KHr+SgnAHmCUD0JFGCeUBgOEnZyBjtlVnV6f2o4HOyZ0lw6M5A8Cv+ VeD9JRvR5PUdx3AY1GYeIA== 0000950144-96-008687.txt : 19961126 0000950144-96-008687.hdr.sgml : 19961126 ACCESSION NUMBER: 0000950144-96-008687 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19961125 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WEST COAST BANCORP INC CENTRAL INDEX KEY: 0000826764 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 650018667 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21564 FILM NUMBER: 96671982 BUSINESS ADDRESS: STREET 1: 2724 DEL PRADO BLVD SOUTH CITY: CAPE CORAL STATE: FL ZIP: 33904 BUSINESS PHONE: 8137722220 MAIL ADDRESS: STREET 1: 2724 DEL PRADO BLVD CITY: CAPE CORAL STATE: FL ZIP: 33904 COMPANY DATA: COMPANY CONFORMED NAME: FNB CORP/PA CENTRAL INDEX KEY: 0000037808 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] OWNER IRS NUMBER: 251255406 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 BUSINESS ADDRESS: STREET 1: HERMITAGE SQUARE CITY: HERMITAGE STATE: PA ZIP: 16148 BUSINESS PHONE: 4129816000 MAIL ADDRESS: STREET 1: HERMITAGE SQUARE CITY: HERMITAGE STATE: PA ZIP: 16148 FORMER COMPANY: FORMER CONFORMED NAME: CITIZENS BUDGET CO DATE OF NAME CHANGE: 19750909 3 1 FNB CORPORATION FORM 3 1 - -------- FORM 3 - -------- U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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 - ------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date F.N.B. CORPORATION Statement Trading Symbol of Original - ---------------------------------------- (Month/Day/Year) West Coast Bancorp, Inc. (WBAN) (Month/Day/Year) (Last) (First) (Middle) November 15, 1996 ---------------------------------- Hermitage Square ---------------------------- 5. Relationship of Reporting ----------------------- - ---------------------------------------- 3. IRS or Social Security Person to Issuer 7. Individual or Joint/ (Street) Number of Reporting (Check all applicable) Group Filing (Check Hermitage PA 16148-3389 Person (Voluntary) Director X 10% Owner applicable line) - -------------------------------------- ----- ----- X Form filed by (City) (State) (Zip) ---------------------------- Officer X Other ----- One Reporting ----- (give ----- (specify Person title below) below) Form filed by Option Holder ----- More than One ---------------------------------- Reporting Person - ------------------------------------------------------------------------------------------------------------------------------------ TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED - ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect (Instr. 4) Beneficially Owned Direct (D) or Beneficial (Instr. 4) Indirect (I) Ownership (Instr. 4) (Instr. 5) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $1.00 per share 35,000 D - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ *If the form is filed by more than one Reporting Person, see Instruction 5(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over) (Print or Type Responses) (8/96)
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) - ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect (Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership Expiration Date Derivative Security Exercise Form of (Instr. 5) (Month/Day/ (Instr. 4) Price of Deriv- Year) Deri- ative vative Security: Security ------------------------------------------------- Direct Date Expira- Amount or (D) or Exercis- tion Title Number Indirect (I) able Date of Shares (Instr. 5) - ------------------------------------------------------------------------------------------------------------------------------------ Right to Buy * * Common Stock par 426,991 $15 D - ------------------------------------------------------------------------------------------------------------------------------------ value $1.00 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ Explanation of Responses: * See Attachment A /s/ John D. Waters November 25, 1996 **Intentional misstatements or omissions of facts constitute Federal Criminal ------------------------------- ------------------ Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date Note. File three copies of this form, one of which must be manually signed. Page 2 If space provided is insufficient, See Instruction 6 for procedure. (8/96) (Print or Type Responses)
3 ATTACHMENT A On November 15, 1996, F.N.B. Corporation ("FNB"), a corporation organized and existing under the laws of the Commonwealth of Pennsylvania and registered as a bank holding company under the Bank Holding Company Act of 1956, as amended (the "BHCA"), Southwest Banks, Inc. ("Southwest"), a Florida corporation which will be a wholly-owned subsidiary of FNB, and West Coast Bancorp, Inc. ("West Coast"), a corporation organized and existing under the laws of the State of Florida and registered as a bank holding company under the BHCA, entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which West Coast will be merged with and into Southwest, with Southwest as the surviving corporation (the "Merger"). Simultaneously with the execution of the Merger Agreement, FNB and West Coast entered into a Stock Option Agreement, dated November 15, 1996 (the "Stock Option Agreement"), pursuant to which West Coast granted to FNB an option to purchase, under certain circumstances and subject to certain adjustments, up to 426,991 shares of West Coast common stock, par value $1.00 per share ("West Coast Common Stock", each a "Share") at a price, subject to certain adjustments, of $15 per share (the "FNB" Option"). The FNB Option, if exercised, would equal, before giving effect to the exercise of the FNB Option, 19.9% of the total number of shares of West Coast Common Stock outstanding as of its date of exercise. The FNB Option was granted by West Coast as a condition and inducement to FNB's willingness to enter into the Merger Agreement. Under certain circumstances generally indicating a change of control not involving FNB, West Coast may be required to repurchase the FNB Option or the shares acquired pursuant to the exercise of the FNB Option. The preceding description of the Stock Option Agreement is qualified in its entirety by reference to the copy of the Stock Option Agreement included as Exhibit 4.1 to FNB's Current Report on Form 8-K dated November 15, 1996 and which is incorporated by reference. FNB expressly disclaims any beneficial ownership of the 426,991 shares of West Coast Common Stock which are obtainable by FNB upon exercise of the Option, because the Option is exerciseable only upon the occurrence of certain events described therein generally indicating a change of control not involving FNB, none of which has occurred. -----END PRIVACY-ENHANCED MESSAGE-----