SEC Form 4 · accession 0001140361-16-088354
NORWOOD FINANCIAL CORP · NWFL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John F Carmody
Officer — EVP & Chief Credit Officer
Period of report
Dec 1, 2016
Accepted (ET)
Dec 1, 2016 · 2:33 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 | Dec 1, 2016 | M | 1,100 | $28.64 | A | 1,300 | D | |
| Common Stock | Dec 1, 2016 | M | 1,063 | $25.00 | A | 2,363 | D | |
| Common Stock | Dec 1, 2016 | S | 2,163 | $33.25 | D | 200 | D | |
| Common Stock | holding | — | — | — | 5,579 | I | ESOP | |
| Common StockF1 | holding | — | — | — | 800 | I | Restricted Stock Award | |
| Common StockF2 | holding | — | — | — | 750 | 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 | Dec 1, 2016 | M | 1,100 | D | Dec 29, 2007 | Dec 29, 2016 | Common Stock | 1,100 | 8,650 | D |
| Options Right-to-Buy | $25.00 | Dec 1, 2016 | M | 1,063 | D | Dec 31, 2009 | Dec 31, 2018 | Common Stock | 1,063 | 7,587 | 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.