SEC Form 4 · accession 0001171843-19-001108
AMERICAN RIVER BANKSHARES · AMRB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mitchell A Derenzo
Officer — EVP - Chief Financial Officer
Period of report
Dec 31, 2018
Accepted (ET)
Feb 21, 2019 · 5:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001108236
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 31, 2018 | D | 2,659 | $0.00 | D | 61,317 | D | |
| Common StockF2 | Feb 20, 2019 | A | 3,217 | $0.00 | A | 64,534 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 15, 2017, Mr. Derenzo was awarded performance based restricted shares of common stock that carry voting and dividend rights and were subject to increase, decrease, or forfeiture based on the performance of the Company's common stock compared with the stock performance of a peer group. The shares were to be earned from January 1, 2017 to December 31, 2018, with vesting to occur on January 1, 2020. The Company did not meet the performance targets and these restricted shares were forfeited on December 31, 2018.
- F2Mr. Derenzo was awarded restricted shares of common stock that vest ratably over three years or 33.33% per year.