Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ABTX | Common Stock | Disposed to Issuer | $0 | -387 | -10.03% | $0.00 | 3.47K | Sep 29, 2022 | Direct | F1, F2 |
transaction | ABTX | Common Stock | Disposed to Issuer | $0 | -3.47K | -100% | $0.00* | 0 | Oct 1, 2022 | Direct | F1, F2 |
Robert Ivany is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
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F1 | On October 1, 2022, pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of November 5, 2021, by and between CBTX, Inc. ("CBTX") and Allegiance Bancshares, Inc. ("Allegiance"), Allegiance merged with and into CBTX, with CBTX as the surviving corporation (the "Merger"). In connection with the Merger, each outstanding share of Allegiance common stock (including vested restricted stock awards), subject to certain limited exceptions, was converted into the right to receive 1.4184 shares of CBTX common stock (the "exchange ratio"), with cash payable in lieu of any fractional share. In accordance with the reporting person's restricted stock award agreement, in connection with the Merger, 387 shares of restricted stock were forfeited as of the day prior to the closing date and the reporting person's remaining shares of restricted stock vested. |
F2 | In connection with the Merger, the reporting person received CBTX common stock in exchange for all of the reporting person's shares of Allegiance common stock (including the foregoing vested restricted stock awards), with cash received in lieu of a fractional share, in each case without interest. |