SEC Form 4 · accession 0001209191-15-005994
BANK MUTUAL CORP · BKMU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael T Crowley Jr.
Director
Period of report
Jan 20, 2015
Accepted (ET)
Jan 22, 2015 · 8:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001123270
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 20, 2015 | A | 2,700 | — | A | 1,471,917 | D | |
| Common StockF2 | holding | — | — | — | 133,837 | I | By spouse | |
| Common StockF2,F3 | holding | — | — | — | 126,589 | I | By Trust | |
| Common StockF2,F4 | holding | — | — | — | 179,357 | I | By 401(k) Plan | |
| Common StockF2,F5 | holding | — | — | — | 48,779 | I | Held in Benefit Restoration Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to buyF6 | $5.05 | holding | — | — | — | — | Jan 18, 2021 | Common Stock | 15,000 | 15,000 | D |
| Options to buyF7 | $3.39 | holding | — | — | — | — | Jan 17, 2022 | Common Stock | 20,000 | 20,000 | D |
| Options to buyF8 | $4.82 | holding | — | — | — | — | Jan 22, 2023 | Common Stock | 12,000 | 12,000 | D |
| Options to buyF9 | $7.17 | holding | — | — | — | — | Jan 21, 2024 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Restricted stock grant under the 2014 Incentive Compensation Plan. The shares (2,700 shares in the original grant) vest in annual installments of 33% each beginning January 20, 2016.
- F2Includes shares acquired through a dividend reinvestment plan.
- F3As trustee of the family trust.
- F4Held in the Bank Mutual Corporation 401(k) Plan.
- F5Held in Benefit Restoration Plan, a non-qualified plan, which operates as an "excess benefits" plan relating to two company qualified benefit plans.
- F6Stock options granted under the 2004 Stock Incentive Plan. The options (15,000 in the original grant) vest in annual installments of 20% each beginning January 18, 2012.
- F7Stock options granted under the 2004 Stock Incentive Plan. The options (20,000 in the original grant) vest in annual installments of 20% each beginning January 17, 2013.
- F8Stock options granted under the 2004 Stock Incentive Plan. The options (12,000 in the original grant) vest in annual installments of 20% each beginning January 22, 2014.
- F9Stock options granted under the 2004 Stock Incentive Plan. The options (10,000 in the original grant) vest in annual installments of 20% each beginning January 21, 2015.
Remarks
The 401(K) and Benefit Restoration Plan shares are from the plan statements dated 12-31-14, updated to reflect a subsequent change in form of beneficial ownership of 16,597 shares from indirect to direct. These shares were previously reported as indirectly held in the Benefit Restoration Plan. The 401(K) shares reflect a merger of ESOP shares with the 401(K).