Odd Lot Index

FIRST FEDERAL BANCSHARES INC /DE

Terms unclear

Unclear — read the filing yourself
In a Dutch auction, tendering too high can cost you the priority. The company picks the lowest price that buys the shares it wants, and everyone at or below that price gets it. Tender above it and your shares come back unpurchased — and because you are not in the accepted pool at all, the odd-lot priority never applies. Most offers have a box meaning "accept whatever price is determined", which keeps you in the pool; the trade-off is that you give up any say in the price. The filing explains both.
StatusClosed
Closing date2004-05-21
How it is pricedDutch auction
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdYes
Must tick the odd-lot box on the formNot stated
Price offeredUSD $34.00 per share
Cleared at$34.00
Most an odd-lot tender could be$3,366.00

How it finished

Everyone else66.4075%
Expired2004-05-21
Shares tendered842,911
Proration factor66.4%

Where each of these comes from

Every line above was read out of the filing. Here is the wording it was read from, so you can check it.

expiry = 2004-05-21...s Common Stock, Par Value $0.01 Per Share At a Purchase Price Not Greater Than $34.00 Nor Less Than $31.00 Per Share -------------------- THE OFFER TO PURCHASE, PRORATION PERIOD AND WITHDRAWAL RIGHTS EXPIRE AT 5:00 P.M., MOUNTAIN TIME, ON FRIDAY, MAY 21, 2004, UNLESS THE OFFER TO PURCHASE IS EXTENDED ------------------- We hereby invite our stockholders to tender up to 560,000 shares of our common stock for purchase by us at a price not greater than $34.00 nor less than $31.00 per share, net to...
listed = True...te our offer and purchase none of the shares and return all tendered shares. We will not accept for purchase any shares pursuant to our offer until such time as the conditions have been satisfied or waived. 8. PRICE RANGE OF SHARES; DIVIDENDS Our common stock is listed on the Nasdaq National Market under the symbol FFBI. The following table sets forth the high and low sales prices, and dividends declared, for our common stock as reported on the Nasdaq National Market. Dividends High Low Declared ------------- ------------ ------------ 2002 1st Quarter $17.00 $16.01 $.08 2nd Quarter 18.48 16.60 .08 3rd Quarter 19.85 17.50 .08 4th Quarter 20.75 17...
mechanism = FIXED...* Calculated solely for purposes of determining the filing fee, in accordance with Rule 0-11 of the Securities Exchange Act of 1934. This calculation assumes the purchase of 560,000 of common stock of First Federal Bancshares, Inc. at the maximum tender offer purchase price of $34.00 per share in cash. [X] Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. Amount Previously Paid: 08 Form or Registration Number: Sc...
mechanism = FIXED...* Calculated solely for purposes of determining the filing fee, in accordance with Rule 0-11 of the Securities Exchange Act of 1934. This calculation assumes the purchase of 560,000 of common stock of First Federal Bancshares, Inc. at the maximum tender offer purchase price of $34.00 per share in cash. [X] Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. Amount Previously Paid: $3,808 Form or Registration Number...
mechanism = DUTCH...as an alternative to using our excess capital. Our board of directors determined that this offer would enable us to complete the repurchase of our shares more quickly than an open market repurchase program. Having determined to repurchase shares pursuant to a modified Dutch auction tender offer, our board of directors decided that it would be in the best interests of stockholders to conduct the tender offer as soon as possible. This required postponing our previously scheduled annual meeting so that the tender offer would not prevent the accurate tabulation of votes cast at the meeting. Shares that we acquire pursu...
must_tender_all = True...d not properly withdrawn prior to the expiration date, will, to the extent feasible, be selected for purchase by random lot in accordance with section 6. To be eligible for purchase by random lot, stockholders whose shares are conditionally tendered must have tendered all of their shares. Proration If proration of tendered shares is required, we will determine the final proration factor promptly after the expiration date. Proration for each stockholder tendering shares, other than odd lot holders, will be based on the ratio of the number of shares tendered by the stockholder to the total number of shares tendered by all...
price = USD 34.0...th Rule 0-11 of the Securities Exchange Act of 1934. This calculation assumes the purchase of 560,000 of common stock of First Federal Bancshares, Inc. at the maximum tender offer purchase price of $34.00 per share in cash. [X] Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statemen...
price = USD 34.0...th Rule 0-11 of the Securities Exchange Act of 1934. This calculation assumes the purchase of 560,000 of common stock of First Federal Bancshares, Inc. at the maximum tender offer purchase price of $34.00 per share in cash. [X] Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statemen...
threshold = 100...ead as follows: "This section is to be completed ONLY if shares are being tendered by or on behalf of a person owning beneficially, as of the expiration date, an aggregate of fewer than 100 shares. The undersigned either (check one box): [ ] is the beneficial owner(s) of an aggregate of fewer than 100 shares, all of which are being tendered, or [ ] is a broker, dealer, commercial bank, trust company or other nominee that (a) is tendering, for the beneficial owner(s) thereof, shares with respect to which it is the record owner, and (b) believes, based upon representations made to it by each beneficial owner(s), that each person is the benefic...
threshold = 100...s. Partial or conditional tenders will not qualify for this preference, and it is not available to beneficial holders of 100 or more shares, even if the holders have separate stock certificates for fewer than 100 shares. By accepting this offer, a stockholder owning beneficially fewer than 100 shares will avoid the payment of brokerage commissions and the applicable odd lot discount payable in a sale of such shares in a transaction effected on a securities exchange. As of April 1, 2004, there were approximately 600 holders of record of our common stock. Approximately 198 of these holders of record held individually fewer than 100 sha...
txn_type = TENDER_OFFER...01 par value per share. First Federal Bancshares is offering to purchase these shares at a price not greater than $34.00 nor less than $31.00 per share, net to the seller in cash, without interest, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated April 16, 2004 (the "Offer to Purchase"), and in the related Letter of Transmittal, which, as amended or supplemented from time to time, together constitute the tender offer. Copies of the Offer to Purchase and the related Letter of Transmittal were previously filed with the Schedule TO as exhibits (a)(1)(i) and (a)(1)(ii), respec...
txn_type = TENDER_OFFEREX-99 2 ffbex99.txt 1 Exhibit (a)(5)(ix) - Press Release 2 For immediate release May 24, 2004 FIRST FEDERAL BANCSHARES, INC. TO PURCHASE 560,000 SHARES PURSUANT TO ITS SELF TENDER OFFER COLCHESTER, ILLINOIS: First Federal Bancshares, Inc. (Nasdaq: FFBI) announced today that it intends to purchase 560,000 of its common shares (representing approximately 30% of its shares currently outstanding) at $33.50 per share pursuant to its self tender offer, which expired May 21, 2004. According to preliminary reports from the depo...
txn_type = TENDER_OFFER...01 par value per share. First Federal Bancshares is offering to purchase these shares at a price not greater than $34.00 nor less than $31.00 per share, net to the seller in cash, without interest, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated April 16, 2004 (the "Offer to Purchase"), and in the related Letter of Transmittal, which, as amended or supplemented from time to time, together constitute the tender offer. Copies of the Offer to Purchase and the related Letter of Transmittal were previously filed with the Schedule TO as exhibits (a)(1)(i) and (a)(1)(ii), respec...
txn_type = TENDER_OFFEREX-99.(A)(1)(I) 3 d14432_ex99-a1i.txt FIRST FEDERAL BANCSHARES, INC. 109 E. Depot Street Colchester, Illinois 62326 (309) 776-3225 Offer to Purchase for Cash Up to 560,000 Shares of its Common Stock, Par Value $0.01 Per Share At a Purchase Price Not Greater Than $34.00 Nor Less Than $31.00 Per Share -------------------- THE OFFER TO PURCHASE, PRORATION PERIOD AND WITHDRAWAL RIGHTS EXPIRE AT 5:00 P.M., MOUNTAIN TIME, ON FRIDAY, MAY 21, 2004, UNLESS THE OFFER TO PURCHASE IS EXTENDED --...
expired_on = 2004-05-21...he Schedule TO, except that the information in the Offer to Purchase and Letter of Transmittal is hereby amended to the extent specifically provided herein. ITEM 11. ADDITIONAL INFORMATION. The offer expired at 5:00 p.m., Mountain time, on May 21, 2004. According to the depositary, an aggregate of 842,911 shares were validly tendered at or below the price of $33.50, not withdrawn and available for purchase by the Company pursuant to the offer. The Company, effective May 28, 2004, accepted for purchase 559,993 of the tendered s...
final_price = 34.0...ee, in accordance with Rule 0-11 of the Securities Exchange Act of 1934. This calculation assumes the purchase of 560,000 of common stock of First Federal Bancshares, Inc. at the maximum tender offer purchase price of $34.00 per share in cash. [X] Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing...
proration_pct = 66.40749...suant to the offer. The Company, effective May 28, 2004, accepted for purchase 559,993 of the tendered shares at the purchase price of $33.50 per share, net to the seller in cash, which resulted in a final proration factor of 66.40749% being applied to the purchase of shares tendered under the offer, other than shares tendered pursuant to qualifying odd lot tenders. On May 28, 2004, the Company issued a press release announcing the completion of its tender offer. The press release is included herein as Exhibit...
tendered = 842911...ereby amended to the extent specifically provided herein. ITEM 11. ADDITIONAL INFORMATION. The offer expired at 5:00 p.m., Mountain time, on May 21, 2004. According to the depositary, an aggregate of 842,911 shares were validly tendered at or below the price of $33.50, not withdrawn and available for purchase by the Company pursuant to the offer. The Company, effective May 28, 2004, accepted for purchase 559,993 of the tendered shares at the purchase price of $33.50 per share, net to the seller in cash, which r...

The filings

FiledFormRoleOn EDGAR
2004-04-16SC TO-Ioriginal (governing)View
2004-04-30SC TO-I/AamendmentView
2004-05-24SC TO-I/AamendmentView
2004-05-28SC TO-I/AamendmentView