SEC Form 4 · accession 0001209191-15-048447
MBT FINANCIAL CORP · MBTF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John L Skibski
Officer — Executive VP & CFO · Director
Period of report
May 28, 2015
Accepted (ET)
Jun 1, 2015 · 5:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001118237
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 44,000 | D | ||
| Common Stock | holding | — | — | — | 4,000 | I | Spouse's IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Rights (stock only)F8 | $5.79 | May 28, 2015 | A | 7,300 | A | — | May 28, 2025 | Common Stock | 7,300 | 7,300 | D |
| Employee Stock Option (right to buy)F1 | $15.33 | holding | — | — | — | — | Jan 3, 2017 | Common Stock | 5,800 | 5,800 | D |
| Stock Appreciation Rights (stock only)F2 | $8.53 | holding | — | — | — | — | Jun 4, 2018 | Common Stock | 5,800 | 5,800 | D |
| Stock Appreciation Rights (stock only)F3 | $3.03 | holding | — | — | — | — | Jan 2, 2019 | Common Stock | 5,800 | 5,800 | D |
| Stock Appreciation Rights (stock only)F4 | $1.85 | holding | — | — | — | — | Jan 27, 2021 | Common Stock | 5,000 | 5,000 | D |
| Stock Appreciation Rights (stock only)F5 | $1.85 | holding | — | — | — | — | Feb 23, 2022 | Common Stock | 5,000 | 5,000 | D |
| Stock Appreciation Rights (stock only)F6 | $2.35 | holding | — | — | — | — | Jan 2, 2023 | Common Stock | 5,000 | 5,000 | D |
| Stock Appreciation Rights (stock only)F7 | $4.90 | holding | — | — | — | — | Mar 7, 2024 | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F1The option vests in three equal annual installments beginning on December 31, 2007.
- F2The Stock Appreciation Rights vest in three equal annual installments beginning on December 31, 2008.
- F3The Stock Appreciation Rights vest in three equal annual installments beginning on December 31, 2009.
- F4The Stock Appreciation Rights vest in three equal annual installments beginning on December 31, 2011.
- F5The Stock Appreciation Rights vest in three equal annual installments beginning on December 31, 2012.
- F6The Stock Appreciation Rights vest in three equal annual installments beginning on December 31, 2013.
- F7The Stock Appreciation Rights vest in three equal annual installments beginning on December 31, 2014.
- F8The Stock Appreciation Rights vest in three equal annual installments beginning on December 31, 2015.