SEC Form 4 · accession 0001209191-17-058421
STERLING BANCORP · STL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack L Kopnisky
Officer — President & CEO · Director
Period of report
Oct 23, 2017
Accepted (ET)
Oct 31, 2017 · 3:52 pm EDT
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 Stock, $.01 par value per share | Oct 23, 2017 | F | 4,223 | $24.70 | D | 231,765 | D | |
| Common Stock, $.01 par value per share | Oct 30, 2017 | M | 54,100 | $9.00 | A | 285,865 | D | |
| Common Stock, $.01 par value per shareF2 | Oct 30, 2017 | S | 54,100 | $24.71 | D | 231,765 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non Qualified Stock Option (right to buy)F3 | $9.00 | Oct 30, 2017 | M | 20,767 | D | — | Nov 20, 2022 | Common Stock | 20,767 | 0 | D |
| Employee Stock Option (Incentive Stock Option)F4 | $9.00 | Oct 30, 2017 | M | 33,333 | D | — | Nov 20, 2022 | Common Stock | 33,333 | 0 | D |
Explanation of responses
- F1Represents payment of tax liability due to vesting of time-based Restricted Stock Award.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.65 to $24.75 inclusive. The reporting person undertakes to provide to the Registrant, any security holder of the Registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote 2 to this Form 4.
- F3The option, representing a right to purchase a total of 20,767 shares, became exercisable in three equal annual installments beginning on 11/20/2013, which was the first anniversary of the date on which the option was granted.
- F4The option, representing a right to purchase a total of 33,333 shares, became exercisable in three equal annual installments beginning on 11/20/2013, which was the first anniversary of the date on which the option was granted.