SEC Form 4 · accession 0001140361-16-090955

NORWOOD FINANCIAL CORP · NWFL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP & Chief Credit Officer

Period of report

Dec 28, 2016

Accepted (ET)

Dec 28, 2016 · 4:34 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 28, 2016	M	658	$25.25	A	1,208	D
Common Stock	Dec 28, 2016	S	658	$34.00	D	550	D
Common Stock	holding	—	—		—	5,579	I	ESOP
Common Stock^F1	holding	—	—		—	600	I	Restricted Stock Award
Common Stock^F2	holding	—	—		—	600	I	Restricted Stock Award
Common Stock^F3	holding	—	—		—	1,000	I	Restricted Stock Award

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Option - Right to Buy	$25.25	Dec 28, 2016	M	658	D	Dec 31, 2011	Dec 31, 2020	Common Stock	658	6,829	D

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.
F3Award vests in five equal installments beginning on December 13, 2017 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.