SEC Form 4 · accession 0001209191-19-003146
Bank of Marin Bancorp · BMRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James C Hale III
Director
Period of report
Jan 7, 2019
Accepted (ET)
Jan 9, 2019 · 6:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001403475
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 27, 2018 | J | 2,995 | $0.00 | A | 5,990 | D | |
| Common Stock | Jan 7, 2019 | J | 199 | $41.24 | A | 6,189 | 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 | $41.35 | holding | — | — | — | Jan 2, 2019 | Jan 2, 2029 | Common Stock | 1,976 | 1,976 | D |
| Stock Options (Right to Buy)F4 | $40.70 | holding | — | — | — | Jul 2, 2018 | Jul 2, 2028 | Common Stock | 1,918 | 1,918 | D |
| Stock Options (Right to Buy)F5 | $33.90 | holding | — | — | — | Jan 2, 2018 | Jan 2, 2028 | Common Stock | 2,546 | 2,546 | D |
| Stock Options (Right to buy)F6 | $31.225 | holding | — | — | — | Jul 3, 2017 | Jul 3, 2027 | Common Stock | 2,950 | 2,950 | D |
| Stock Options (Right to buy)F7 | $34.60 | holding | — | — | — | Jan 3, 2017 | Jan 3, 2027 | Common Stock | 2,378 | 2,378 | D |
| Stock Options (Right to buy)F8,F9 | $23.765 | holding | — | — | — | — | Jul 1, 2026 | Common Stock | 3,430 | 3,430 | D |
Explanation of responses
- F1On November 27, 2018, the common stock of Bank of Marin Bancorp split 2-for-1, resulting in the reporting person's ownership of 2,995 additional shares of common stock.
- F2Purchase pursuant to the shareholder approved Bank of Marin Bancorp 2010 Director Stock Plan. Per the terms of the plan, the purchase price is the fair market value of the Company's stock on the ending date of the Offering Period, December 31, 2018.
- F3Option issued in payment of Director fee
- F4This option was previously reported as covering 959 shares at an exercise price of $81.40 per share, but was adjusted to reflect the stock split that occurred on November 27, 2018.
- F5This option was previously reported as covering 1,273 shares at an exercise price of $67.80 per share, but was adjusted to reflect the stock split that occurred on November 27, 2018.
- F6This option was previously reported as covering 1,475 shares at an exercise price of $62.45 per share, but was adjusted to reflect the stock split that occurred on November 27, 2018.
- F7This option was previously reported as covering 1,189 shares at an exercise price of $69.20 per share, but was adjusted to reflect the stock split that occurred on November 27, 2018.
- F8This option was previously reported as covering 1,715 shares at an exercise price of $47.53 per share, but was adjusted to reflect the stock split that occurred on November 27, 2018.
- F9Exercisable 33% per year beginning on first anniversary date of grant