SEC Form 4 · accession 0001140361-18-019699
LAKE SHORE BANCORP, INC. · LSBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Susan C. Ballard
Director
Period of report
Apr 24, 2018
Accepted (ET)
Apr 26, 2018 · 1:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001341318
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Apr 24, 2018 | A | 44 | $0.00 | A | 7,478 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F3 | $14.38 | holding | — | — | — | — | Oct 21, 2026 | Common Stock | 8,220 | 8,220 | D |
Explanation of responses
- F1Shares of restricted stock vest on December 14, 2018.
- F2Includes 567 shares which vest on December 14, 2018 and 1,548 shares of restricted stock which will vest in two equal annual installments, with the first installment vesting on August 12, 2018.
- F3Stock options vest at a rate of 20% per year commencing on October 21, 2017.