Timothy J. Schneider - Dec 3, 2021 Form 4 Insider Report for County Bancorp, Inc. (ICBK)

Role
President, Director
Signature
/s/ Timothy J. Schneider
Stock symbol
ICBK
Transactions as of
Dec 3, 2021
Transactions value $
-$284,639
Form type
4
Date filed
12/6/2021, 11:45 AM
Previous filing
Nov 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ICBK COMMON STOCK Disposed to Issuer -107K -100% 0 Dec 3, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ICBK EMPLOYEE STOCK OPTION (right to buy) Disposed to Issuer -$253K -16.1K -100% $15.73 0 Dec 3, 2021 COMMON STOCK 16.1K $19.71 Direct F2
transaction ICBK EMPLOYEE STOCK OPTION (right to buy) Disposed to Issuer -$31.2K -1.82K -100% $17.14 0 Dec 3, 2021 COMMON STOCK 1.82K $18.30 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Timothy J. Schneider is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each share of the issuer's common stock was disposed of pursuant to the Agreement and Plan of Merger between the issuer and Nicolet Bankshares, Inc. ("Nicolet") in exchange for either 0.48 shares of Nicolet common stock or $37.18 in cash. Each share of Nicolet common stock had a closing market value of $74.19 per share on the effective date of the merger.
F2 This option was canceled in the merger in exchange for a cash payment of $15.73, representing the difference between the exercise price of the option and the product of the volume weighted average closing price of Nicolet common stock over the 20 trading day period immediately preceding the second trading day prior to December 3rd (equal to $73.84 per share) multiplied by the exchange ratio of 0.48.
F3 This option was canceled in the merger in exchange for a cash payment of $17.14, representing the difference between the exercise price of the option and the product of the volume weighted average closing price of Nicolet common stock over the 20 trading day period immediately preceding the second trading day prior to December 3rd (equal to $73.84 per share) multiplied by the exchange ratio of 0.48.