SEC Form 4 · accession 0001209191-17-004354
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 17, 2017
Accepted (ET)
Jan 19, 2017 · 11:00 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 StockF1,F2,F3 | Jan 17, 2017 | A | 1,580 | — | A | 1,545,447 | D | |
| Common StockF4 | holding | — | — | — | 215,635 | I | By Trust | |
| Common StockF2 | holding | — | — | — | 139,414 | I | By spouse | |
| Common StockF2,F5 | holding | — | — | — | 133,158 | I | By Trust | |
| Common StockF2,F3,F6 | holding | — | — | — | 164,170 | I | By 401(k) Plan | |
| Common StockF2,F3,F7 | holding | — | — | — | 16,615 | 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 buyF8 | $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
- F1Restricted stock grant under the 2014 Incentive Compensation Plan. The shares (1,580 shares in the original grant) vest in annual installments of 33% each beginning January 17, 2018.
- 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.
- F2Includes shares acquired through a dividend reinvestment plan.
- F3Reflects distributions from the Bank Mutual Corporation 401(k) Plan and Benefit Restoration Plan that are exempt from reporting.
- F4Held 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.
- F5As trustee of a family trust.
- F6Held in the Bank Mutual Corporation 401(k) Plan.
- F7Held in Benefit Restoration Plan, a non-qualified plan, which operates as an "excess benefits" plan relating to two company qualified benefit plans.
- F8Stock options granted under the 2004 Stock Incentive Plan. The options are fully vested.
- 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.