SEC Form 4 · accession 0001209191-16-092733
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 19, 2016
Accepted (ET)
Jan 20, 2016 · 6:31 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 19, 2016 | A | 1,800 | — | A | 1,501,589 | D | |
| Common StockF2 | holding | — | — | — | 136,556 | I | By spouse | |
| Common StockF2,F3 | holding | — | — | — | 129,792 | I | By Trust | |
| Common StockF2,F4 | holding | — | — | — | 175,753 | I | By 401(k) Plan | |
| Common StockF2,F5 | holding | — | — | — | 33,076 | 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 (1,800 shares in the original grant) vest in annual installments of 33% each beginning January 19, 2017.
- 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 are fully vested.
- 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 16,982 shares from indirect to direct. These shares were previously reported as indirectly held in the Benefit Restoration Plan.