SEC Form 4 · accession 0001140361-16-088943
NORWOOD FINANCIAL CORP · NWFL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William W Davis Jr.
Director
Period of report
Dec 6, 2016
Accepted (ET)
Dec 7, 2016 · 11:24 am 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 6, 2016 | M | 3,300 | $28.64 | A | 29,616 | D | |
| Common Stock | Dec 6, 2016 | S | 3,300 | $32.50 | D | 26,316 | D | |
| Common Stock | holding | — | — | — | 4,620 | I | Held in Trust | |
| Common StockF1 | holding | — | — | — | 280 | I | Restricted Stock Award | |
| Common StockF2 | holding | — | — | — | 300 | 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 6, 2016 | M | 3,300 | D | Dec 29, 2007 | Dec 29, 2016 | Common Stock | 3,300 | 8,750 | 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.