SEC Form 4 · accession 0001140361-16-086946
NORWOOD FINANCIAL CORP · NWFL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lewis J Critelli
Officer — President & CEO · Director
Period of report
Nov 16, 2016
Accepted (ET)
Nov 16, 2016 · 3:29 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001013272
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 16, 2016 | M | 2,750 | $28.64 | A | 12,342 | D | |
| Common Stock | Nov 16, 2016 | S | 2,750 | $29.45 | D | 9,592 | D | |
| Common Stock | holding | — | — | — | 16,030 | I | ESOP | |
| Common StockF1 | holding | — | — | — | 2,000 | I | Restricted Stock Award | |
| Common StockF2 | holding | — | — | — | 1,250 | I | Restricted Stock Award |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options right-to-buy | $28.64 | Nov 16, 2016 | M | 2,750 | D | Dec 29, 2007 | Dec 29, 2016 | Common Stock | 2,750 | 23,350 | D |
Explanation of responses
- F1Award vests in five equal installments beginning on December 9, 2015 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable..
- F2Award vests in five equal installments beginning on December 8, 2016 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.