SEC Form 4 · accession 0001174947-18-000722
SALISBURY BANCORP INC · SAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Matthew Davies
Officer — Regional President & CLO
Period of report
May 4, 2018
Accepted (ET)
May 4, 2018 · 3:44 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 Stock | May 4, 2018 | M | 2,700 | $31.11 | A | 2,700 | D | |
| Common StockF1 | holding | — | — | — | 500 | D | ||
| Common StockF2 | holding | — | — | — | 500 | D | ||
| Common StockF3 | holding | — | — | — | 2,700 | D | ||
| Common Stock | holding | — | — | — | 3,675 | D | ||
| Common StockF4 | holding | — | — | — | 494 | 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 | $31.11 | May 4, 2018 | M | 2,700 | D | May 27, 2008 | May 27, 2018 | 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 April 28, 2017, subject to three-year cliff vesting.
- F3Shares held jointly with spouse.
- F4Represents shares granted to John M. Davies in accordance with the 2013 Employee Stock Ownership Plan of Salisbury Bancorp, Inc. ("The Company").