SEC Form 4 · accession 0001174947-16-002718
SALISBURY BANCORP INC · SAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A Varet
Officer — Chairman · Director
Period of report
May 17, 2016
Accepted (ET)
May 18, 2016 · 12:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001060219
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 17, 2016 | A | 340 | $29.81 | A | 2,290 | D | |
| Common Stock | holding | — | — | — | 78 | D | ||
| Common StockF2 | holding | — | — | — | 600 | D | ||
| Common StockF3 | holding | — | — | — | 27,882 | D | ||
| Common StockF4 | holding | — | — | — | 18,540 | I | Owned by spouse | |
| Common StockF4 | holding | — | — | — | 6,186 | I | Owned by son | |
| Common StockF4,F5 | holding | — | — | — | 6,180 | I | Owned by son | |
| Common StockF4 | holding | — | — | — | 6,180 | I | Owned by daughter |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In accordance with the 2011 Long Term Incentive Plan of Salisbury Bancorp, Inc. ("The Company"), three hundred forty (340) shares of the Company's common stock were granted to Michael A. Varet at $29.81 per share which represents the value of the Company's common stock at closing on the grant date.
- F2Self - IRA
- F3Self - Trust
- F4The reporting person disclaims beneficial ownership of these securities. This report should not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16or for any other purposes.
- F5Shares held in limited liability company, more than 99% of which is owned by the reporting persons child and under 1% which is owned by reporting person and his spouse.