SEC Form 4 · accession 0001437749-16-041752
PATRIOT NATIONAL BANCORP INC · PNBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth T Neilson
Officer — Pres./CEO until 8/19/2016 · Director · Other
Period of report
Nov 8, 2016
Accepted (ET)
Nov 10, 2016 · 4:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001098146
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 115,255 | D | ||
| Common StockF1 | holding | — | — | — | 5,770 | I | By Neilson Holdings LP | |
| Common Stock | holding | — | — | — | 5,000 | I | By Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mr. Neilson is the general partner of Neilson Holdings LP ("Holdings"); therefore, Mr. Neilson may be deemed to indirectly beneficially own the shares owned by Holdings.
Remarks
On August 4, 2016, the Reporting Person delivered a notice of his resignation as Chief Executive Officer and President of the Issuer and Patriot Bank, effective as of August 19, 2016. As of November 8, 2016, the Reporting Person ceased to be a Director of the Issuer. Accordingly, effective as of November 8, 2016, the Reporting Person is deemed no longer subject to the reporting requirement under Section 16(a) of the Securities Exchange Act of 1934.