SEC Form 4 · accession 0001174947-17-000035
SALISBURY BANCORP INC · SAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Matthew Davies
Officer — President of NY Region & CLO · Director
Period of report
Jan 9, 2017
Accepted (ET)
Jan 9, 2017 · 5:03 pm EST
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 Stock | Jan 9, 2017 | M | 2,700 | $25.93 | A | 2,700 | D | |
| Common StockF1 | holding | — | — | — | 500 | D | ||
| Common StockF2 | holding | — | — | — | 3,000 | D | ||
| Common Stock | holding | — | — | — | 675 | D | ||
| Common StockF3 | holding | — | — | — | 334 | I | ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options | $25.93 | Jan 9, 2017 | M | 2,700 | D | Feb 28, 2007 | Feb 28, 2017 | Common Stock | 2,700 | 2,700 | D |
Explanation of responses
- F1Award of restricted stock pursuant to the Issuer's 2011 Long Term Incentive Plan. The shares were granted on January 29, 2016, subject to three-year cliff vesting.
- F2Award of restricted stock pursuant to the Issuer's 2011 Long Term Incentive Plan. The shares were granted on December 5, 2014, subject to a four-year vesting schedule, vesting 25% on 12/5/14 and 25% each year thereafter.
- F3Represents shares granted to John M. Davies in accordance with the 2013 Employee Stock Ownership Plan of Salisbury Bancorp, Inc. ("The Company").