SEC Form 4 · accession 0001567619-18-008306
LAKE SHORE BANCORP, INC. · LSBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel P Reininga
Officer — President and CEO · Director
Period of report
Dec 15, 2018
Accepted (ET)
Dec 18, 2018 · 5:59 pm EST
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 | Dec 15, 2018 | A | 3,338 | $0.00 | A | 35,307 | D | |
| Common Stock | holding | — | — | — | 17,000 | I | By Trust | |
| Common Stock | holding | — | — | — | 6,000 | I | By GH Graf Realty Corp. | |
| Common Stock | holding | — | — | — | 2,600 | I | By Children | |
| Common Stock | holding | — | — | — | 900 | I | By Spouse | |
| Common StockF3 | holding | — | — | — | 3,553 | I | By ESOP |
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)F4 | $14.38 | holding | — | — | — | — | Oct 21, 2026 | Common Stock | 30,800 | 30,800 | D |
| Stock Options (Right to Buy)F5 | $7.88 | holding | — | — | — | — | Jan 26, 2020 | Common Stock | 17,773 | 17,773 | D |
Explanation of responses
- F1On January 20, 2016, the reporting person was granted 3,338 shares of restricted stock which vest on December 15, 2018, subject to certain performance criteria. The performance criteria were met, resulting in the vesting of 3,338 shares of restricted stock.
- F2Includes 3,570 shares of restricted stock which will vest on August 12, 2019.
- F3These shares were acquired pursuant to an Employee Stock Ownership Plan allocation.
- F4Stock options vest at a rate of 20% per year commencing on October 21, 2017.
- F5Options are fully vested