SEC Form 4 · accession 0001140361-17-022677
Territorial Bancorp Inc. · TBNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard KC Lau
Officer — SVP
Period of report
May 25, 2017
Accepted (ET)
May 30, 2017 · 12:52 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 StockF1 | May 25, 2017 | A | 472 | $0.00 | A | 30,317 | D | |
| Common StockF2 | holding | — | — | — | 11,330 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 1,500 | I | By Corporation | |
| Common StockF2 | holding | — | — | — | 8,534 | 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 | $17.36 | holding | — | — | — | Aug 19, 2011 | Aug 19, 2020 | Common Stock | 19,524 | 19,524 | D |
Explanation of responses
- F1Restricted stock units were granted on March 29, 2017, subject to shareholder approval of an amendment to the 2010 Equity Plan. On May 25, 2017, shareholders approved the amendment at the annual meeting. Restricted stock units vest at a rate of 1/3 per year commencing on March 29, 2018.
- F2Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.