SEC Form 4 · accession 0001209191-15-012085
STERLING BANCORP · STL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard M Applebaum
Officer — Commercial Finance Executive
Period of report
Feb 9, 2015
Accepted (ET)
Feb 11, 2015 · 5:35 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001070154
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 9, 2015 | F | 13,794 | $13.57 | D | 90,507 | D | |
| Common Stock | holding | — | — | — | 3,629 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 90,507 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $14.25 | holding | — | — | — | Mar 15, 2012 | Mar 15, 2017 | Common | 12,625 | 12,625 | D |
Explanation of responses
- F1Represents payment of tax liability due to the accelerated vesting of 36,549 shares on February 9, 2015: 34,130 shares of time-based restricted stock scheduled to vest in two equal installments of 17,065 on October 31, 2015 and October 31, 2016 and 2,419 shares of time-based restricted stock scheduled to vest in three annual equal installments starting on October 23, 2015.