SEC Form 4 · accession 0001245105-15-000037
BEAR STATE FINANCIAL, INC. · BSF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John T Adams
Officer — SVP and General Counsel
Period of report
Nov 19, 2015
Accepted (ET)
Nov 23, 2015 · 6:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001006424
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 19, 2015 | S | 637 | $10.00 | D | 0 | D | |
| Common Stock | Nov 20, 2015 | M | 3,333 | $5.53 | A | 3,333 | D | |
| Common Stock | Nov 20, 2015 | S | 3,333 | $10.19 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Rights to Buy)F2,F1 | $5.53 | Nov 20, 2015 | M | 3,333 | D | — | Jan 25, 2019 | Common Stock | 3,333 | 13,332 | D |
Explanation of responses
- F1The reporting person was granted 5,000 options to purchase common stock, par value $0.01 per share ("Common Stock"), of the issuer under the issuer's 2011 Omnibus Incentive Plan on January 25, 2012. The options vested 60% on the third anniversary of the grant date and the remaining options will vest ratably on the fourth and fifth anniversaries of the grant date.
- F2On November 12, 2014, the issuer declared a stock dividend of 1 share of Common Stock, for every 9 shares of Common Stock owned by holders of record at the close of business on December 1, 2014. The stock dividend was paid on December 15, 2014. Pursuant to the anti-dilution provisions of the issuer's 2011 Omnibus Incentive Plan, all outstanding stock options were adjusted to account for the stock dividend, resulting in the reporting person receiving 1,665 additional Common Stock options.