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HNBC Harleysville Natl Corp Pa (MM)

7.02
0.00 (0.00%)
15 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Harleysville Natl Corp Pa (MM) NASDAQ:HNBC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.02 0 01:00:00

- Amended Statement of Changes in Beneficial Ownership (4/A)

16/12/2008 3:31pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

COUGHEY DONNA M
2. Issuer Name and Ticker or Trading Symbol

HARLEYSVILLE NATIONAL CORP [ HNBC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP - HNC
(Last)          (First)          (Middle)

483 MAIN STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

12/5/2008
(Street)

HARLEYSVILLE, PA 19438
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

12/9/2008 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   12/5/2008     A    36627   A   (1) 36627   D  
 
Common Stock   12/5/2008     A    8824   A   (1) 8824   I   By spouse  
Common Stock   12/5/2008     A    11479   A   (1) 11479   I   By IRA  
Common Stock   12/5/2008     A    6100   A   (1) 6100   I   By 401(k) Plan  
Common Stock   12/5/2008     A    10276   A   (1) 10276   I   By Deferred Compensation Plan   (2)
Common Stock   12/5/2008   (5)   A    6703   A   (6) 6703   D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy)   $12.07   12/5/2008        1972       12/5/2008   6/19/2012   Common Stock   1972     (3) 1972   D  
 
Stock Option (Right to Buy)   $16.76   12/5/2008        13405       12/5/2008   6/30/2013   Common Stock   13405     (4) 13405   D  
 

Explanation of Responses:
( 1)  Acquired pursuant to the merger agreement between the issuer and Willow Financial Bancorp, Inc. @ exchange ratio of 0.73 shares of HNC common stock for each share of WFBC common stock on the effective date of the merger.
( 2)  The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or any other purpose.
( 3)  This option, which provided for vesting in five equal annual installments beginning June 19, 2003, was assumed by HNC in the merger, adjusted pursuant to the exchange ratio of 0.73 shares of HNC common stock for each share of WFBC common stock, and replaced with an option to purchase 1,972 shares of HNC common stock for $12.07 per share.
( 4)  This option, which provided for vesting in five equal annual installments beginning June 30, 2004, was assumed by HNC in the merger, adjusted pursuant to the exchange ratio of 0.73 shares of HNC common stock for each share of WFBC common stock, and replaced with an option to purchase 13,405 shares of HNC common stock for $16.76 per share.
( 5)  Calculations were not available until after Form 4 filing deadline.
( 6)  Pursuant to the merger of Harleysville National Corporation (Harleysville) and Willow Financial Bancorp (Willow), all outstanding restricted stock awards of Willow fully vested upon change of control, on 12/5/2008. Shares were withheld to cover taxes. Net shares issued were subject to conversion to Harleysville shares @ 0.73 times the number of WFBC shares.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
COUGHEY DONNA M
483 MAIN STREET
HARLEYSVILLE, PA 19438


EVP - HNC

Signatures
Elizabeth F. Chemnitz (POA on File) DONNA M. COUGHEY 12/16/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.

1 Year Harleysville Natl Corp Pa (MM) Chart

1 Year Harleysville Natl Corp Pa (MM) Chart

1 Month Harleysville Natl Corp Pa (MM) Chart

1 Month Harleysville Natl Corp Pa (MM) Chart