SEC Form 4 · accession 0001140361-15-034956
Territorial Bancorp Inc. · TBNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vernon Hirata
Officer — Vice Chairman & Co-COO · Other
Period of report
Sep 10, 2015
Accepted (ET)
Sep 14, 2015 · 2:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001447051
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Sep 10, 2015 | S | 5,000 | $26.25 | D | 65,057 | D | |
| Common Stock | holding | — | — | — | 36,029 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 15,600 | I | By Trust | |
| Common Stock | holding | — | — | — | 6,896 | I | By ESOP | |
| Common Stock | holding | — | — | — | 355 | I | By Spouse's ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1 | $17.36 | holding | — | — | — | Aug 19, 2011 | Aug 19, 2020 | Common Stock | 153,930 | 153,930 | D |
Explanation of responses
- F1Stock options vest at a rate of 1/6 per year commencing on August 19, 2011.
- F2Represents shares sold in connection with the payment of taxes due on vesting of restricted shares.