SEC Form 4 · accession 0001140361-17-023277
NORWOOD FINANCIAL CORP · NWFL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William S Lance
Officer — Executive Vice President & CFO
Period of report
May 31, 2017
Accepted (ET)
Jun 1, 2017 · 1:13 pm EDT
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 | May 31, 2017 | M | 1,100 | $24.44 | A | 2,650 | D | |
| Common Stock | May 31, 2017 | S | 1,100 | $38.90 | D | 1,550 | D | |
| Common StockF1 | holding | — | — | — | 600 | I | Restricted Stock Award | |
| Common StockF2 | holding | — | — | — | 600 | I | Restricted Stock Award | |
| Common StockF3 | holding | — | — | — | 1,000 | 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 | $24.44 | May 31, 2017 | M | 1,100 | D | Mar 9, 2011 | Mar 9, 2020 | Commn Stock | 1,100 | 6,450 | 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.
- 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.