SEC Form 4 · accession 0001209191-16-157057
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
Jun 13, 2016
Accepted (ET)
Dec 30, 2016 · 10:50 am 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 StockF2,F3 | Jun 13, 2016 | W | 215,635 | $0.00 | A | 215,635 | I | By Trust |
| Common StockF1 | holding | — | — | — | 1,518,525 | D | ||
| Common StockF1 | holding | — | — | — | 139,414 | I | By spouse | |
| Common StockF1,F4 | holding | — | — | — | 133,158 | I | By Trust | |
| Common StockF1,F5 | holding | — | — | — | 171,130 | I | By 401(k) Plan | |
| Common StockF1,F6 | holding | — | — | — | 33,957 | 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 buyF7 | $5.05 | holding | — | — | — | — | Jan 18, 2021 | Common Stock | 15,000 | 15,000 | D |
| Options to buyF8 | $3.39 | holding | — | — | — | — | Jan 17, 2022 | Common Stock | 20,000 | 20,000 | D |
| Options to buyF9 | $4.82 | holding | — | — | — | — | Jan 22, 2023 | Common Stock | 12,000 | 12,000 | D |
| Options to buyF10 | $7.17 | holding | — | — | — | — | Jan 21, 2024 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Includes shares acquired through a dividend reinvestment plan.
- F10Stock 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.
- F2Michael T. Crowley, Jr. became the trustee (the executor-equivalent) of a revocable trust established by Michael T. Crowley, Sr., the father of Mr. Crowley, Jr., upon the death of Mr. Crowley, Sr.
- F3Held as trustee (executor-equivalent) of a trust owning 431,269 shares of common stock. Mr. Crowley Jr. is a 50% beneficiary of the assets in the trust. The reported shares exclude 215,634 shares held in the trust for the benefit of a member of Mr. Crowley Jr.'s family, as to which Mr. Crowley Jr. disclaims any pecuniary interest.
- F4As trustee of the family trust.
- F5Held in the Bank Mutual Corporation 401(k) Plan.
- F6Held in Benefit Restoration Plan, a non-qualified plan, which operates as an "excess benefits" plan relating to two company qualified benefit plans.
- F7Stock options granted under the 2004 Stock Incentive Plan. The options are fully vested.
- F8Stock 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.
- F9Stock 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.