SEC Form 4 · accession 0001140361-16-054403
FIRST NORTHERN COMMUNITY BANCORP · FNRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
T Joe Danelson
Officer — EVP/Chief Credit Officer
Period of report
Feb 18, 2016
Accepted (ET)
Feb 22, 2016 · 4:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001114927
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock Award/Common Stock | Feb 18, 2016 | A | 2,350 | $8.13 | A | 6,305 | 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)F2 | $8.13 | Feb 18, 2016 | A | 8,700 | A | — | Feb 17, 2026 | Common Stock | 8,700 | 0 | D |
Explanation of responses
- F1Restricted Stock Award with four year cliff vesting or upon retirement whichever comes first (retirement is defined as age 65 or older).
- F2Stock Options granted vest 0% upon their grant and 25% annually over 4 years.