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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN 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(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
PNC BANCORP INC/ 222 DELAWARE AVENUE WILMINGTON, DE 19801 |
X |
Maria C. Shaffer, Controller | 12/03/2009 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Pursuant to a Stock Purchase Agreement dated as of June 11, 2009 between the issuer and The PNC Financial Services Group, Inc. ("PNC"), the parent company of the reporting person, PNC agreed to acquire shares of the issuer's Series D Convertible Participating Preferred Stock, par value $0.01 per share ("Series D"). PNC assigned to the reporting person PNC's rights and obligations to acquire the Series D shares. |
(2) | On December 1, 2009, the reporting person acquired 3,556,188 Series D shares. In accordance with Rule 14c-2 under the Securities Exchange Act of 1934, as amended, each Series D share will automatically convert into one share of the issuer's Series B Convertible Participating Preferred Stock, par value $0.01 per share ("Series B"), on or after the date that is 20 days after an information statement is first mailed to holders of the issuer's Common Stock. No optional conversion is permitted. Upon any transfer of Series B shares to any person other than an affiliate of the initial holder, each Series B share will be converted into one share of Common Stock of the issuer. The reporting person does not have any conversion rights in the Series B shares. |