Sec Form 4 Filing - REEVES W THOMAS @ PULASKI FINANCIAL CORP - 2016-04-30

Insider filing report for Changes in Beneficial Ownership
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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
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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1. Name and Address of Reporting Person
REEVES W THOMAS
2. Issuer Name and Ticker or Trading Symbol
PULASKI FINANCIAL CORP [ PULB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President of Subsidiary Bank
(Last) (First) (Middle)
12300 OLIVE BOULEVARD
3. Date of Earliest Transaction (MM/DD/YY)
04/30/2016
(Street)
ST. LOUIS, MO63141
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 04/30/2016 D 60,232 D $ 0 ( 1 ) 0 D
Common Stock 04/30/2016 D 26,000 D $ 0 ( 1 ) 0 I By IRA
Common Stock 04/30/2016 D 22,000 D $ 0 ( 1 ) 0 I By Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 7.7 04/30/2016 D 20,000 11/03/2009( 2 ) 11/03/2018 Common Stock 20,000 ( 3 ) 0 D
Stock Option (right to buy) $ 11.13 04/30/2016 D 15,000 11/19/2008( 2 ) 11/19/2017 Common Stock 15,000 ( 3 ) 0 D
Stock Option (right to buy) $ 9.46 04/30/2016 D 20,000 12/19/2008( 2 ) 12/19/2017 Common Stock 20,000 ( 3 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
REEVES W THOMAS
12300 OLIVE BOULEVARD
ST. LOUIS, MO63141
President of Subsidiary Bank
Signatures
Paul J. Milano, Power of Attorney 05/03/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Disposed of pursuant to the Agreement and Plan of Merger between Pulaski Financial Corp. ("Pulaski") and First Busey Corporation ("First Busey") dated as of December 3, 2015 pursuant to which Pulaski was merged into First Busey on April 30, 2016. Pursuant to the merger agreement, each issued and outstanding share of Pulaski common stock was converted into 0.79 shares of First Busey common stock with cash paid in lieu of fractional shares.
( 2 )Stock Options granted pursuant to the Pulaski Financial Corp. 2006 Long-Term Incentive Plan are fully vested and exercisable.
( 3 )Pursuant to the Agreement and Plan of Merger between Pulaski and First Busey dated as of December 3, 2015, each option to purchase Pulaski common stock outstanding and unexercised immediately prior to the effective time of the merger was assumed by First Busey and converted into an option to purchase shares of First Busey common stock. The number of First Busey options into which the Pulaski options were converted was determined by multiplying each Pulaski option by 0.79 (rounded down to the nearest whole share), at an exercise price per share of First Busey common stock equal to the exercise price for each share of Pulaski common stock by dividing the Pulaski exercise price by 0.79 (rounded up to the nearest whole cent).

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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