SEC Form 4 · accession 0001144204-17-009848
Atlantic Coast Financial CORP · ACFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Kenneth Stephens Jr.
Officer — President and CEO · Director
Period of report
Feb 15, 2017
Accepted (ET)
Feb 17, 2017 · 4:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001404296
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock GrantF1 | $7.78 | Feb 15, 2017 | A | 20,668 | A | — | Feb 15, 2022 | Common Stock | 20,668 | 27,267 | D |
| Restricted Stock GrantF2 | $7.78 | Feb 15, 2017 | A | 6,599 | A | — | — | Common Stock | 6,599 | 27,267 | D |
Explanation of responses
- F1Restricted stock grant which will vest on February 15, 2022.
- F2Restricted stock grant which will vest in three, equal, annual installments beginning on February 15, 2018.