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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 | ||||||||
Incentive Stock Option (right to buy) | $ 21.41 | 12/30/2005(1) | 12/30/2014 | Common Stock | 10,000 | 2,000 | D | ||||||||
Incentive Stock Option (right to buy) | $ 10.5 | 12/30/2000(2) | 12/30/2009 | Common Stock | 20,000 | 20,000 | D | ||||||||
Incentive Stock Option (right to buy) | $ 12.54 | 06/18/2001 | 06/18/2011 | Common Stock | 20,000 | 20,000 | D | ||||||||
Incentive Stock Option (right to buy) | $ 14.81 | 12/28/2002(3) | 12/28/2011 | Common Stock | 5,000 | 4,000 | D | ||||||||
Incentive Stock Option (right to buy) | $ 11.75 | 12/30/2007 | 12/30/2012 | Common Stock | 1,000 | 0 | D | ||||||||
Non-Qualified Stock Option (right to buy) | $ 11.75 | 12/30/2003(4) | 12/30/2012 | Common Stock | 4,000 | 3,000 | D | ||||||||
Incentive Stock Option (right to buy) | $ 17.28 | 12/23/2004(5) | 12/23/2013 | Common Stock | 5,000 | 2,000 | D | ||||||||
Incentive Stock Option (right to buy) | $ 25.4 | 04/18/2006 | A | 12,800 | 04/18/2007(8) | 04/18/2016 | Common Stock | 12,800 | $ 25.4 | 0 | D | ||||
Non Qualified Stock Option (right to buy) | $ 25.4 | 04/18/2006 | A | 23,580 | 04/18/2007(9) | 04/18/2016 | Common Stock | 23,580 | $ 25.4 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Hill Patti G 8931 COUNTY ROAD 34 FAIRHOPE, AL 36532 |
Chief Operating Officer |
/s/ Patti G. Hill | 04/19/2006 | |
**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) | Options vest in 5 equal installments, 20% annually beginning one year from the date of grant. (20% vested) |
(2) | Options vest in 5 equal installments, 20% annually beginning one year from the date of grant. (100% vested) |
(3) | Options vest in 5 equal installments, 20% annually beginning one year from the date of grant. (80% vested) |
(4) | Options vest in 4 equal installments, 25% annually beginning one year from the date of grant. (75% vested) |
(5) | Options vest in 5 equal installments, 20% annually beginning one year from the date of grant. (40% vested) |
(6) | Shares issued through the Colonial BancGroup, Inc. 401K Retirement Plan. |
(7) | Performance Based Restricted Stock Award. The vesting of these restricted shares is based on BancGroup's EPS growth over the three year period ending December 31, 2008. The performance measure has been defined as the three-year compound annual growth rate (CAGR). At the end of the vesting period the employee will vest in 50%, 100% or 150% of the restricted shares awarded at the grant date depending on the actual growth in EPS. |
(8) | 1,105 options will vest on 4/18/2007. 1,570 options will vest on 4/18/2008. 2,251 options will vest on 4/18/2009. The remaining 7,874 options will vest in two equal installments annually beginning on the fourth anniversary of the grant date. |
(9) | 6,171 options will vest on 4/18/2007. 5,706 options will vest on 4/18/2008. 5,025 options will vest on 4/18/2009. The remaining 6,678 options will vest in two equal installments, annually, beginning on the fourth anniversary of the grant date. |