SEC Form 4 · accession 0001209191-19-003157
Bank of Marin Bancorp · BMRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin R Kennedy
Director
Period of report
Jan 8, 2019
Accepted (ET)
Jan 9, 2019 · 7:07 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 | 4,297 | $0.00 | A | 8,594 | I | By Trust |
| Common Stock | Jan 8, 2019 | J | 196 | $41.35 | A | 8,790 | I | By Trust |
| Common Stock | Nov 27, 2018 | J | 5,040 | $0.00 | A | 10,080 | I | By Roth IRA |
| Common Stock | Nov 27, 2018 | J | 50 | $0.00 | A | 100 | I | By SIMPLE IRA |
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)F5 | $41.35 | holding | — | — | — | Jan 2, 2019 | Jan 2, 2029 | Common Stock | 988 | 988 | D |
| Stock Options (Right to Buy)F6 | $40.70 | holding | — | — | — | Jul 2, 2018 | Jul 2, 2028 | Common Stock | 958 | 958 | D |
| Stock Options (Right to Buy)F7 | $33.90 | holding | — | — | — | Jan 2, 2018 | Jan 2, 2028 | Common Stock | 1,272 | 1,272 | D |
| Stock Options (Right to buy)F8 | $31.225 | holding | — | — | — | Jul 3, 2017 | Jul 3, 2027 | Common Stock | 1,474 | 1,474 | D |
| Stock Options (Right to buy)F9 | $34.60 | holding | — | — | — | Jan 3, 2017 | Jan 3, 2027 | Common Stock | 1,188 | 1,188 | D |
| Stock Options (Right to buy)F10,F11 | $23.765 | holding | — | — | — | — | Jul 1, 2026 | Common Stock | 1,714 | 1,714 | D |
| Stock Options (Right to buy)F12,F13 | $25.135 | holding | — | — | — | — | May 14, 2022 | Common Stock | 6,000 | 6,000 | 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 4,297 additional shares of common stock.
- F10This option was previously reported as covering 857 shares at an exercise price of $47.53 per share, but was adjusted to reflect the stock split that occurred on November 27, 2018.
- F11Exercisable 33% per year beginning on first anniversary date of grant
- F12This option was previously reported as covering 3,000 shares at an exercise price of $50.27 per share, but was adjusted to reflect the stock split that occurred on November 27, 2018.
- F13Exercisable 20% per year beginning on first anniversary date of grant
- F2Shares received in payment of Director fee
- F3On November 27, 2018, the common stock of Bank of Marin Bancorp split 2-for-1, resulting in the reporting person's ownership of 5,040 additional shares of common stock.
- F4On November 27, 2018, the common stock of Bank of Marin Bancorp split 2-for-1, resulting in the reporting person's ownership of 50 additional shares of common stock.
- F5Option issued in payment of Director fee
- F6This option was previously reported as covering 479 shares at an exercise price of $81.40 per share, but was adjusted to reflect the stock split that occurred on November 27, 2018.
- F7This option was previously reported as covering 636 shares at an exercise price of $67.80 per share, but was adjusted to reflect the stock split that occurred on November 27, 2018.
- F8This option was previously reported as covering 737 shares at an exercise price of $62.45 per share, but was adjusted to reflect the stock split that occurred on November 27, 2018.
- F9This option was previously reported as covering 594 shares at an exercise price of $69.20 per share, but was adjusted to reflect the stock split that occurred on November 27, 2018.