Form Type: 4

SEC EDGAR Link
Accession Number:0000899243-20-019058
Date:2020-07-10
Issuer: MSB FINANCIAL CORP (MSBF)
Original Submission Date:

Reporting Person:

KAUFMAN JOHN S
1902 LONG HILL RD
MILLINGTON, NJ 07946

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-07-10 F 401 d $10.19 3,243 direct
COMMON STOCK 2020-07-10 J 3,243 d $0.00 0 direct
COMMON STOCK 2020-07-10 J 438 d $0.00 0 indirect
COMMON STOCK 2020-07-10 J 1,385 d $0.00 0 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
OPTION- RIGHT TO BUY 13.04 2020-07-10 deemed execution date D 8,000 (d) 2017-06-07 2026-06-06 common stock 8,000 $13.04 0 direct
Footnotes
IDfootnote
f1 tax withholding of shares associated with the accelerated vesting of prior restricted stock awards upon a change in control.
f2 disposed of pursuant to the agreement and plan of merger, dated as of december 18, 2019, by and among kearny financial corp. ("krny") and msb bancorp inc. ("msbf"). at the effective time of the merger on july 10, 2020 (the "effective time"), each share of msbf common stock issued and outstanding immediately prior to such time was converted into the right to receive either $18.00 per share in cash or 1.3 shares of krny common stock, subject to an election and allocation procedure whereby a maximum of 10% of such msbf shares will be exchanged for cash and the balance will be exchanged for krny common stock.
f3 at the effective time, pursuant to the agreement and plan of merger, dated as of december 18, 2019, by and among kearny financial corp. and msb bancorp inc., all stock options were cancelled and the reporting person received a cash payment equal to $18.00 per share minus the applicable exercise price of such stock option multiplied by each stock option held.
WhaleWisdom Logo

Elevate your investments